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Citymax Hotels plans entry into Saudi Arabia

DUBAI, May 8, 2016

UAE-based Citymax Hotels is looking to open 15 mid-market hotels across Saudi Arabia over the next five years, said a report.

Looking to cash in on the rising demand for three- and four-star hotels in Saudi Arabia, the hotel chain is targetting location including Jeddah, Riyadh and secondary locations such as Buraidah, Abha and Yanbu, the Gulf News quoted Russel G.H Sharpe, Citymax chief operating officer, as saying.

The hotel chain is already in discussions with potential joint venture partners to enter the Saudi hospitality market, he said.

Elsewhere, Citymax is eyeing hotels in Dubai’s Al Qusais and International Media Production Zone (IMPZ) areas and an entry into Indonesia, Sharpe added.




Tags: Saudi | Arabia | citymax |

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