Hilton Worldwide Signs Two Management Agreements In Saudi Arabian Capital With King Saud University Endowment
Hilton Riyadh King Saud University And Hilton Riyadh King Saud University Residence Signed And Expected To Open By 2012
Hilton Worldwide today announced the signing of a Management Agreement with Saudi Arabia's King Saud University Endowment for the 241-room Hilton Riyadh King Saud University and the 155-room Hilton Riyadh King Saud University Residence - both expected to open by 2012.
King Saud University is Saudi Arabia's oldest, largest and most prestigious higher education centre with a student population of 70,000 attending various colleges and research centres. The two new properties are located in one of the capital's premier locations in close proximity to Downtown Riyadh, the Diplomatic Quarter and the King Abdullah Financial District, as well as an upmarket residential district for government ministers and royalty. King Khaled International Airport which handles 11 million passengers per year is a 28 kilometre drive.
"We are delighted to have signed two properties in the capital, in line with our goal to increase the presence of our brands in Saudi Arabia around the world," said Paul Brown, President, Global Brands & Commercial Services, Hilton Worldwide.
With preliminary groundwork already underway, the new-build properties will feature facilities and amenities catering to both the business and leisure traveller when they open in 2012.
Hilton Riyadh King Saud University and Hilton Riyadh King Saud University Residence will feature all-day dining facilities, health clubs, swimming pools and business centres. The hotel will also offer a spa, retail space, four meeting rooms, an executive lounge and additional F&B options including a speciality restaurant, lobby lounge and a pool bar.
Saudi Arabia is the largest country in the Arabian Peninsula and second largest in the Arab world after Egypt, with a population of approximately 27.6 million. The Kingdom sits on more than 20% of the world's proven oil reserves, accounting for 45% of the country's GDP. The country's expatriate workforce of over eight million is expected to grow thanks to the Kingdom's drive towards diversifying its oil-based economy. The substantial developments in infrastructure and foreign investment opportunities have led to a boom in real estate, consumer product and tourism sectors bringing in a steady flow of international visitors to the country and the capital in particular.
"We are delighted that Hilton Worldwide is a key part of this landmark project, with two Hilton branded properties. With the capital developing into a business and luxury hub, attracting millions of regional and international visitors while hosting thousands of expatriate families, the entry of these two properties adds to the city's metropolitan credentials and showcases the diversity of its hospitality offerings," said Dr. Abdulrehman AI-Harkan, CEO, King Saud University Endowment.
Hilton Worldwide's existing portfolio in Riyadh includes the Hilton Garden Inn Riyadh Olaya, the upcoming Hilton Garden Inn Riyadh Al Muroj (Q3 2011) and the Hilton Riyadh Hotel & Residence (Q4 2013).
About Hilton Hotels | Hilton Hotels is the stylish, forward-thinking global leader of hospitality that welcomes guests in more countries than any other full-service hotel brand. The Hilton brand currently includes more than 530 hotels and resorts in 76 countries, and plans to serve travelers in 80 countries by the end of 2011. By offering innovative products, services and amenities, Hilton enables travelers to be at their best 24/7, whether traveling for business or leisure. Start your journey at .
About Hilton Worldwide | Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 91 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,600 hotels and 599,000 rooms in 81 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®.
John Forrest Ales