| 10 Aug 2010 |
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Hilton Worldwide Signs Two Management Agreements In Saudi Arabian Capital With King Saud University Endowment
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Hilton Riyadh King Saud University & Hilton Riyadh King Saud University Residence signed and expected to open by 2012
DUBAI, U.A.E and MCLEAN, Va. - August 10, 2010: Hilton WorldwideHilton Worldwide
today announced the signing of a Management Agreement with Saudi Arabia's King Saud University Endowment for the 241-room Hilton Riyadh King Saud University and the 155-room Hilton Riyadh King Saud University Residence - both expected to open by 2012."Saudi Arabia is our number one development market in the Middle East. Riyadh is drawing both domestic and international visitors from strong business and corporate markets, and we are delighted to meet this demand with two additional Hilton branded properties with the same owner. The cross-selling opportunities with our six existing hotels in Makkah, Madinah, Jeddah and Riyadh are tremendous," said Andrew Clough, Senior Vice President, Development, Hilton WorldwideHilton Worldwide, Middle East & Asia-Pacific.
King Saud University is Saudi Arabia's oldest, largest and most prestigious higher education centre with a student population of 70,000 attending various colleges and research centres. The two new properties are located in one of the capital's premier locations in close proximity to Downtown Riyadh, the Diplomatic Quarter and the King Abdullah Financial District, as well as an upmarket residential district for government ministers and royalty. King Khaled International Airport which handles 11 million passengers per year is a 28 kilometre drive.
"We are delighted to have signed two properties in the capital, in line with our goal to increase the presence of our brands in Saudi Arabia and around the world," said Paul Brown, President, Global Brands & Commercial Services, Hilton WorldwideHilton Worldwide.
With preliminary groundwork already underway, the new-build properties will feature facilities and amenities catering to both the business and leisure traveller when they open in 2012.
Hilton Riyadh King Saud University and Hilton Riyadh King Saud University Residence will feature all-day dining facilities, health clubs, swimming pools and business centres. The hotel will also offer a spa, retail space, four meeting rooms, an executive lounge and additional F&B options including a speciality restaurant, lobby lounge and a pool bar.
Saudi Arabia is the largest country in the Arabian Peninsula and second largest in the Arab world after Egypt, with a population of approximately 27.6 million. The Kingdom sits on more than 20% of the world's proven oil reserves, accounting for 45% of the country's GDP. The country's expatriate workforce of over eight million is expected to grow thanks to the Kingdom's drive towards diversifying its oil-based economy. The substantial developments in infrastructure and foreign investment opportunities have led to a boom in real estate, consumer product and tourism sectors bringing in a steady flow of international visitors to the country and the capital in particular.
"We are delighted that Hilton WorldwideHilton Worldwide is a key part of this landmark project, with two Hilton branded properties. With the capital developing into a business and luxury hub, attracting millions of regional and international visitors while hosting thousands of expatriate families, the entry of these two properties adds to the city's metropolitan credentials and showcases the diversity of its hospitality offerings," said Dr. Abdulrehman AI-Harkan, CEO, King Saud University Endowment.
Hilton WorldwideHilton Worldwide's existing portfolio in Riyadh includes the Hilton Garden Inn Riyadh Olaya, the upcoming Hilton Garden Inn Riyadh Al Muroj (Q3 2011) and the Hilton Riyadh Hotel & Residence (Q4 2013).
Hilton WorldwideHilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 91 years, Hilton WorldwideHilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,600 hotels and 599,000 rooms in 81 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®.
The company currently operates 44 hotels in Middle East & Africa - 16 hotels in Egypt, nine hotels in the UAE, six in Saudi Arabia and one each in Oman and Kuwait, plus another 11 hotels in Africa and the Indian Ocean.
Hilton WorldwideHilton Worldwide has a signed development pipeline of an additional 25 properties across Middle East & Africa in the U.A.E, Qatar, Kuwait, Saudi Arabia, Lebanon, Egypt, Jordan, Equatorial Guinea, Uganda, Namibia, Nigeria and Cape Verde.
For more information about the company, please visit www.hiltonworldwide.com and www.hiltondevelopment.com.
The Hilton Reservations and Customer Care telephone numbers in the Middle East are as follows:
UAE - 8000 20000 11 Qatar - 8000 20 222
KSA - 800 82000 10 Egypt - 19009
Bahrain - 8000 4058 Jordan - 00202 25805927
Kuwait - 222 56 200 Lebanon - 00202 25805928
Oman - 800 78 788 Syria - 00202 25805926
For further information please contact:
Keren Gatty Saunt
Account Director
d'pr
Tel: +971 4 344 4901
E-mail: : keren@d-pr.ae
© Press Release 2010
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