Mövenpick signs up second property in Riyadh
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Mövenpick Hotels & Resorts recently announced its decision to open its second property in Riyadh. The decision was post signing an agreement to manage a property in the King Abdullah Financial District (KAFD).
The new property is scheduled to open in 2017 and will offer 353-rooms.
“King Abdullah Financial District is tipped to become Riyadh’s new business hub and our hotel will be well placed to tap into the substantial corporate and meetings industry business,” said Andreas Mattmüller, chief operating officer, Mövenpick Hotels & Resorts, Middle East and Asia.
The property’s inventory spans 264 rooms, 85 apartments and four bungalows which will meet the demands of short-term guests and long-stay executives. Additional facilities will include four dining outlets including two speciality restaurants, meeting rooms, banquet hall, health club and gym.
The KAFD property will also take the Group’s KSA footprint to a total of 13 hotels, spanning 4,826 rooms by 2017. The hospitality Group currently operates 3,456 rooms across nine properties KSA-wide, with the four upcoming properties accounting for 1,370 additional rooms.
In addition to the two new Riyadh properties, Mövenpick will also open its third hotel in Jeddah this year and its third in Al Khobar in 2016.
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