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Hilton to Manage 13 Hotels in Saudi Arabia
DUBAI — Hilton Hotels Corporation has entered into a non-exclusive Strategic Development Agreement (SDA) with the Abdulmohsen Al-Hokair Group for Tourism and Development, with the potential to deliver 13 Hilton Garden Inn properties, according to Jean-Paul Herzog, President of Hilton Hotels, Middle East & Africa.
These properties, which will be managed by Hilton, will be in key locations across the Kingdom of Saudi Arabia. The first property is anticipated to open in 2009 in Riyadh.
Jean-Paul noted, “The full spectrum of the Hilton Family of hotels gives us tremendous opportunities for growth in all global markets.”
“We are delighted to have signed our first multi-unit Hilton Garden Inn agreement in the Middle East with the Al Hokair Group in Saudi Arabia. This agreement is a testament to the country’s tremendous growth potential.”
This landmark agreement marks the entry of the first Hilton Garden Inn, the Hilton Family’s focused service brand, in the Middle East and Africa region.
Over the next five years, Hilton and Al Hokair plan to introduce Hilton Garden Inn hotels across the Kingdom of Saudi Arabia, in locations such as Riyadh, Al Khobar, Dammam, Jubail, King Abdullah Economic City, Taif, Abha, Tabuk, Hail/Buraydah and Yanbu.
Hilton has named the GCC (Gulf Cooperation Council) as one of its top ten key development markets internationally, and specifically the Kingdom of Saudi Arabia.
Thursday’s announcement confirms Hilton’s plans to concentrate on multi-unit deals in key emerging markets.
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