Arab News, Sat, Feb 24, 2024 | Shaban 14, 1445
Al Akaria inks deal with Marriott to introduce Autograph hotel brand in Riyadh
Saudi Arabia:
Riyadh is set to welcome a new 280-key luxury hotel following an agreement
signed by Saudi Real Estate Co., also known as Al Akaria.
The deal with Marriott International will
introduce the Autograph Collection brand to the Saudi capital, paving the way
for the opening of the new hotel, according to a statement.
Scheduled to commence construction in 2025, the
hotel is anticipated to welcome visitors by 2028 upon its completion, the
release added.
Ibrahim Al-Alwan, CEO of Al-Akaria Real Estate
Co., said: “We are confident that this collaboration will set new standards in
luxury hotel hospitality in the region.”
This step reflects Al Akaria’s commitment to
promoting tourism and hospitality in Riyadh, aligning with the goals of the
Kingdom’s Vision 2030 to create appealing destinations for residents and
visitors.
It also contributes to Saudi Arabia’s aspiration
to strengthen its position as a recognized international tourist destination.
Moreover, the new hotel will contribute to the
development of a mixed-use destination, featuring commercial facilities,
restaurants, and entertainment areas.
According to Chadi Hauch, regional vice president
of lodging development in the Middle East at Marriott International, the tourism
industry in the Kingdom is currently undergoing a rapid and visually striking
transformation, providing them with various opportunities to expand their
presence accordingly.
In December, Marriott International announced the
commencement of construction for a Ritz-Carlton in the historic town of
Diriyah.
Preceding this, in November, the hotel operator
inked an agreement with Saudi's Sela Sport to develop two new luxury hotels in
the country.
In September, the hospitality firm revealed plans
for hotels from two of its brands in NEOM’s mountain destination, Trojena. The
development includes a W Hotel and a JW Marriott facility, solidifying the
partnership between the hospitality giant and the giga-project, according to a
statement released at the time.