Rezidor grows Park Inn by Radisson brand in Saudi Arabia

The Rezidor Hotel Group, one of the fastest growing hotel companies in the world and a member of Carlson Rezidor Hotel Group, is pleased to announce two new hotel signings in Saudi Arabia. An agreement has been signed with one of the leading Saudi property development companies, Gulf Real Estate Company, to operate Park Inn by Radisson Hotel & Apartments, Riyadh Olaya North and Park Inn by Radisson Hotel & Apartments, Dammam West Avenue. The hotels will increase Rezidor’s portfolio in Saudi Arabia to 38 hotels in operation and under development. Both hotels are expected to open in Q4 2019.

Elie Younes, Executive Vice President & Chief Development Officer of The Rezidor Hotel Group says: “We continue to grow the Park Inn by Radisson brand in the mid-market segment across Saudi Arabia, and mark the signing of the Group’s 14th Park Inn by Radisson property in the Kingdom. We also see a significant market opportunity for internationally branded serviced apartments, in line with the growth in domestic leisure tourism and completion of major infrastructure projects. We are thankful to our owners Gulf Real Estate Company for their trust in our brands and their commitment to developing tourism in the Kingdom.”

Nasir Albadah, Managing Director, Gulf Real Estate Company, says: “We are pleased to enter into an agreement for our two hotel projects with The Rezidor Hotel Group, one of the world’s leading hotel operators. We are confident that both hotel projects will benefit greatly from Rezidor’s international expertise and sound understanding of the local market. The Park Inn by Radisson brand is the perfect fit for both the commercial hub of Riyadh and the business travelers and tourists visiting the city of Dammam.”

Park Inn by Radisson Hotel & Apartments, Riyadh Olaya North

Located within the North Business Corridor District of Riyadh and the new King Abdullah Financial District that is under development, the property has excellent accessibility, with a location between the major intersections of Olaya Street and King Fahd Road – just 20km from King Khalid International Airport.

Park Inn by Radisson Hotel & Apartments, Riyadh Olaya North will have total of 200 rooms, 100 guest rooms and 100 serviced apartments. Facilities include an international all-day dining restaurant, and business lounge. The meeting and events space includes two boardrooms, a conference center and a business center. The leisure facilities will include a male gym, female gym, spa and a kids’ club.

Park Inn by Radisson Hotel & Apartments, Dammam West Avenue

The property will support Rezidor’s growth in Dammam, further strengthening the brand’s presence in the Eastern Province. Located in the Al Faisaliyah District of Dammam, along King Abdullah highway, the site is part of the Gulf Real Estate Company’s master plan development of West Avenue Square, a mixed-use project comprised of a commercial center, hospitality and lifestyle developments. The site location has excellent accessibility to King Fahd Road, the road leading to King Fahd International Airport, which is just 22km away.

Park Inn by Radisson Hotel & Apartments, Dammam West Avenue will have total of 200 rooms, 100 guest rooms and 100 serviced apartments. The leisure facilities will include a gym and outdoor swimming pool, female gym, spa and a kid’s club. There will be a range of meeting rooms including a conference room, while for dining there will be an international all-day dining restaurant and business lounge.