HYATT SIGNS AGREEMENT WITH RUA AL MADINAH HOLDING COMPANY TO BRING THREE NEW HOTELS TO THE KINGDOM OF SAUDI ARABIA
Three Hyatt-branded hotels will debut in Madinah under Grand Hyatt, Hyatt Regency and Hyatt Place brands |
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HYATT SIGNS AGREEMENT WITH RUA AL MADINAH HOLDING COMPANY TO BRING THREE NEW HOTELS TO THE KINGDOM OF SAUDI ARABIA
Three Hyatt-branded hotels will debut in Madinah under Grand Hyatt, Hyatt Regency and Hyatt Place brands |
Category: Middle East - Saudi Arabia - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2023-02-07
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels, including Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah.
Upon opening, these properties will participate in the World of Hyatt loyalty program and will add a combined 1,729 room keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia, significantly expanding Hyatt’s brand presence in the country and demonstrating its commitment to strategic growth of its portfolio in key markets that matter to its guests, World of Hyatt members, customers and owners.
The three properties will be part of the Rua Al Madinah project and are set to be the first Hyatt-branded hotels in Madinah, a city that aims to attract 30 million tourists by 2030.
The Rua Al Madinah project is one of the most important initiatives of the Public Investment Fund to achieve the Kingdom of Saudi Arabia’s Vision 2030, which aims to raise the readiness of the eastern region of the Prophet’s Mosque to accommodate the rising demand in tourism.
Set within a distinguished urban environment, the milestone project will aim to enrich the visitor’s experience through the development of integrated systems for hotels, commercial projects and urban centres that highlight the religious and cultural characteristics of Al Madinah Al Munawwarah; all, in an atmosphere full of tranquillity and harmony.
“The Kingdom of Saudi Arabia continues to play a pivotal role in Hyatt’s growth strategy in the Middle East and we are excited to work with Rua Al Madinah Holding Company on the plans for these fantastic properties in Madinah,” commented Javier Águila, Group President, Europe, Middle East and Africa, Hyatt.
“We are enthusiastic about Saudi Arabia’s vision and strategy for the country, and glad to see how tourism continues to grow year over year. We are honored to be part of this growth and these new properties signal Hyatt’s commitment to thoughtful brand growth in desirable destinations and further reinforces Hyatt’s position as a hospitality leader in the region.”
Hyatt Place Madinah will feature 860 thoughtfully designed guestrooms, a large dining restaurant, event space and a fitness center. It will provide self-reliant travelers with a casual yet stylish environment that adapts seamlessly for all types of stay occasions.
Hyatt Regency Madinah will have 539 well-appointed guestrooms, multiple dining venues, a spacious lobby lounge and a Regency Club where guests can come to relax, refuel or focus on work. The guestroom interior will be designed for tranquillity and productivity and will incorporate inspirational design elements from Madinah’s culture.
True to the brand promise, the property will be a go-to gathering space for every occasion, while providing a memorable experience for those visiting the Holy City of Madinah on spiritual and religious journeys.
Grand Hyatt Madinah will be designed to offer guests an elevated and sophisticated experience. Positioned as a destination within a destination, the property will have 330 luxurious guestrooms, premium dining experiences, and a double-height lobby with modern interiors that will reflect the vibrant design and bold architecture that the Grand Hyatt brand is known for.
“We are delighted to collaborate with Rua Al Madinah Holding Company to bring three of Hyatt’s world-class brands to Madinah,” said Ludwig Bouldoukian, Regional Vice President, Development, Middle East and Africa, Hyatt.
“The Rua Al Madinah development is a significant project that is set to further amplify the Kingdom’s cultural capital and we look forward to showcasing Hyatt’s diverse portfolio that will meet the needs of global travellers.”
“The development of these three hotels as part of the Rua Al Madinah masterplan marks an exciting milestone of the entry of Hyatt’s renowned brand portfolio into the city of Madinah,” Eng. Ahmed Al Juhani, CEO, Rua Al Madinah Holding commented.
“We are excited to bring Hyatt's exceptional standards of hospitality to Madinah and are confident of the positive impact this project will bring to the city's tourism industry as we progress its development.”
"The addition of Grand Hyatt, Hyatt Regency, and Hyatt Place hotels to Rua Al Madinah's hospitality offerings is a major milestone for our company,” said Mr. Ahmed Bin Madhi, CIO, Rua Al Madinah Holding.
“We are excited to work with Hyatt and offer our guests world-class amenities and experiences in one of the world's most historically and culturally significant cities. This collaboration is a testament to our commitment to elevating the travel experience in Madinah and we look forward to welcoming guests to these new properties soon."
The three properties join Hyatt’s highly anticipated pipeline in Saudi Arabia, which is set to solidify Hyatt’s portfolio and diverse brand presence across key destinations in the country, including the Holy City of Madinah.
Hyatt’s current portfolio in Saudi Arabia consists of six properties across five brands: Park Hyatt Jeddah – Marina, Club and Spa, Grand Hyatt Al Khobar Hotel and Residences, Hyatt Regency Riyadh Olaya, Jabal Omar Hyatt Regency Makkah, Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2022, the Company’s portfolio included more than 1,200 hotels and all-inclusive properties in 72 countries across six continents. The Company's offering includes brands in the Timeless Collection, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Residence Club, Hyatt Place, Hyatt House, and UrCove; the Boundless Collection, including Miraval, Alila, Andaz, Thompson Hotels, Hyatt Centric, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Hyatt Ziva, Hyatt Zilara, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt loyalty program, ALG Vacations, Unlimited Vacation Club, Amstar DMC destination management services, and Trisept Solutions technology services.
About Grand Hyatt
Around the world, Grand Hyatt hotels bring travel dreams to life by celebrating the iconic in small details and magnificent moments. Located at the crossroads of local culture and global business within major gateway cities and resort destinations, each Grand Hyatt hotel is uniquely designed to be a captivating destination within a destination. Grand Hyatt hotels deliver welcoming and elevated service, first-class accommodations and an abundance of options within a multicultural backdrop of dramatic architecture and bold and vibrant design. Grand Hyatt hotels boast inventive restaurants, luxury spas, fitness centers, and business and meeting facilities.
About Hyatt Place
Hyatt Place hotels combine style, innovation and 24/7 conveniences to create an easy to navigate experience for today’s multi-tasking traveler. Guests can enjoy thoughtfully designed guestrooms featuring distinct zones for sleep, work and play, and free flowing social spaces that offer seamless transitions from work to relaxation. With more than 400 locations globally, Hyatt Place hotels offer freshly prepared food around the clock, efficient service and differentiated experiences for World of Hyatt members.
About Hyatt Regency
The Hyatt Regency brand prides itself on making travel free from stress and filled with success. More than 220 conveniently located Hyatt Regency urban and resort locations in more than 45 countries around the world serve as the go-to gathering space for every occasion – from efficient personalized, high-touch business meetings to energizing family vacations. The brand offers stress-free environments for seamless gatherings and empathetic service that anticipates guests’ needs. Designed for productivity and peace of mind, Hyatt Regency hotels and resorts offer a full range of services and amenities, including the space to work, engage or relax; notable culinary experiences; technology-enabled ways to collaborate; and expert meeting and event planners who can take care of every detail.
About Rua Al Madinah Holding
A wholly-owned subsidiary of Saudi Arabia’s Public Investment Fund, Rua Al Madinah Holding undertakes holistic development projects that feature modern urban planning to elevate the experience of residents and visitors of Madinah, the home to countless Islamic monuments that tell the story of the Prophet (PBUH) and his revered companions. The company aims to elevate Madinah as a modern Islamic and cultural destination. With a capital of SAR2.99 billion, Rua Al Madinah Holding aims to develop a comprehensive hospitality and retail ecosystem that further enhances the inclusive and communal nature of Madinah. Through diverse development projects and an ultramodern infrastructure that enrich the experience of both residents and visitors, the company’s driving vision is to improve the quality of infrastructure and services according to the highest international standards.
Rua Al Madinah Holding’s strategy is fully aligned with the Public Investment Fund’s efforts to develop and enable promising sectors and help accomplish the Vision 2030 objective of bringing 30 million Hajj and Umrah pilgrims to the Kingdom by the year 2030.
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