Hyatt’s expansion plans focus on KSA and UAE
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In a recent development, Hyatt emphasized its focus upon the brand’s expansion into key regional markets of UAE and Kingdom of Saudi Arabia. The announcement was made at the on-going Arabian Travel Market (ATM) 2016.
“We currently operate 12 full service hotels across the GCC and continue to recognize benefits of expansion in this critically strategic market,” said Tareq Daoud, regional vice president, Hyatt Sales Force – Middle East & Africa, Hyatt Hotels & Resorts, South West Asia
Of the announced hotel pipeline in the next three years, there are four in the KSA (Hyatt Regency Riyadh Olaya, Hyatt Place Riyadh Sulaimania, Hyatt House Jeddah/Sari Street and Hyatt Place Jeddah/Medina Road) and two in UAE (Grand Hyatt Abu Dhabi Hotel and Residences Emirates Pearl and Hyatt Place Dubai/Al Maktoum).
The Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl will be a 47-storey hotel offering 368-rooms and 60 service apartments with four restaurants, a lounge, two bars, meeting facilities and a spa & fitness centre. While the Hyatt Regency Riyadh Olaya, is an agreement with Mohammed A Al Swailem Co for commercial investment for a Hyatt Regency hotel in Riyadh. The property will offer 260 guestrooms including 40 suites.
The hotel, slated to launch in 2016, will also feature a lobby lounge, two restaurants, a Regency Club lounge, Fitness Centre, ballroom and event space, and a number of small meeting rooms.
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