Amsa Hospitality and Artal Hotels have signed hotel management agreements for three properties in Riyadh, alongside a memorandum of understanding between Hyatt and Artal Hotels to explore bringing the hotels into Hyatt’s global brand portfolio.
The agreements
highlight growing cooperation between Saudi hospitality companies and
international hotel operators as the Kingdom’s tourism sector expands.
The portfolio includes
properties in Riyadh’s Al Muhammadiyah, Al Sahafa and Al Nafel districts,
comprising one new-build hotel and two brand conversion projects.
The Al Nafel
development will feature an all-suite hotel with 70 units, a restaurant and
café.
The Al Sahafa property
is planned to offer 131 rooms and suites, including a royal suite, dining
facilities, meeting spaces, a gym and spa.
The Takhassusi Street
hotel in Al Muhammadiyah will provide 99 rooms, dining venues, event spaces,
and wellness facilities.
The three hotels are
expected to open and undergo rebranding in phases, with all properties targeted
to join Hyatt’s portfolio by the end of 2026.
Aamir Riaz, Chief Operating Officer of Amsa
Hospitality, said: “At Amsa Hospitality, we are focused on operating hotels
that respond to clear market demand in Saudi Arabia’s most active destinations.
These hotel management agreements with Artal Hotels reflect our confidence in
Riyadh’s continued growth as a hospitality hub, while bringing together local
Saudi expertise, strong ownership, and the reach of Hyatt’s global brand
portfolio.”
Fahad Al Khunaini, Chief Executive Officer at
Artal Hotels, commented: “In selecting Amsa Hospitality to manage these
properties, we have secured a partner with proven experience in operating
hotels under global brands while adapting them to the local Saudi environment.
The team at Amsa Hospitality has demonstrated the ability to bring these
elements together in a way that supports guest experience and commercial
performance. We are confident this collaboration and the strength of Hyatt
brands will create long-term value for all three properties.”
Briana Swift, Vice President Development for
Saudi Arabia at Hyatt, added: “For Hyatt, working with knowledgeable local
owners and operators is important as we continue to thoughtfully grow our
presence in the Kingdom. Through this memorandum of understanding with Artal
Hotels, we anticipate working with experienced industry players who understand
how to protect the strength of our brands while shaping experiences that
resonate with both domestic travellers and visitors to Riyadh from around the
world.” -TradeArabia News Service