Hospitality boost for Riyadh and Qassim after Asma inks deals with Radisson, Accor
RIYADH: Saudi hospitality developer Amsa Hospitality has signed agreements with Radisson Hotel Group and Accor to create almost 400 hospitality units across Riyadh and Qassim.
Announced at the Future Hospitality Summit held in the Kingdom’s capital, the deal with Radisson will see a SR400 million ($106.53 million) project in Riyadh deliver 240 villas and apartments, with the ribbon set to be cut by the end of 2026.
Also scheduled to open by the end of this year, Accor’s Palm Qassim hotel will be located just 20 minutes from the Prince Naif Bin Abdulaziz International Airport in Buraidah, and will comprise 142 rooms.
The deals came as Saudi real estate company Blacksand and Marriott International signed a SR5 billion agreement to develop 10 hotels across the Kingdom as the tourism industry continues to scale up to facilitate the Vision 2030 goal of over 150 million annual visitors.
