RIYADH: Amsa Hospitality and Artal Hotels have signed hotel management agreements for three properties in Riyadh, along with a memorandum of understanding between Hyatt and Artal Hotels, as part of plans for the hotels to join Hyatt’s portfolio of brands.
The announcement highlights growing collaboration between Saudi companies and global hospitality firms as the Kingdom’s hotel sector continues to attract regional and international investment.
The agreements cover three properties in Riyadh’s Al-Muhammadiyah, Al-Sahafa and Al-Nafel districts, comprising one new-build hotel and two properties that will be converted.
The planned all-suite hotel in Al-Nafel, currently under development, is expected to offer 70 units. The second property, in Al-Sahafa, is expected to include 131 rooms, while the third, on Takhassusi Street in Al-Muhammadiyah, is expected to offer 99 rooms. Together, the three properties will include restaurants and cafes, meeting rooms, event spaces, gyms, wellness facilities and other amenities.
Aamir Riaz, chief operating officer of Amsa Hospitality, said: “At Amsa Hospitality, we are focused on operating hotels that respond to clear market demand in Saudi Arabia’s most active destinations. These hotel management agreements with Artal Hotels reflect our confidence in Riyadh’s continued growth as a hospitality hub, while bringing together local Saudi expertise, strong ownership, and the reach of Hyatt’s global brand portfolio.”
