Carlson Rezidor, one of the leading hotel groups worldwide, and Al Hokair Group, a major hospitality company in Saudi Arabia, have further strengthened their strategic partnership by announcing four new hotels.
The new properties
Hilton Worldwide, the global hospitality group, has signed a new property to open under the Doubletree brand with prominent local investor Al Hokair Group for its fourth hotel in Saudi Arabia’s Eastern Province.
The latest s
MS Retail (MSR), a top developer of specialty retail and entertainment stores in Kuwait, has inked a SR80 million ($48 million) deal with Abdul Mohsen Al Hokair Company for Tourism and Development to open its flagship stores in Saudi Arabia.
Hilton Hotels Corporation said it has signed two management agreements with the Al Hokair Group to launch the first two Hilton Garden Inn properties in the Middle East in Riyadh.
The first, a 180-room Hilton Garden Inn Riyadh Olaya, is sch
Saudi Arabian Airlines signed a deal on Sunday to sell 80 percent of its catering unit for 1.8 billion riyals ($480 million) to a Saudi-led group including European caterer Newrest, an executive said.
"Our consortium comprises Abdul Mohsin
Awwal Fitness Ltd (AFL), a Jebel Ali Free Zone Company, has signed an agreement to raise $55 million through a syndicated loan facility.
The facility will be used by AFL, part of the Al Hokair Group of Saudi Arabia, to develop the “Fitness