The Rezidor Hotel Group announced the launch of Park Inn by Radisson Jeddah. The property features 350 rooms is Rezidor’s 10th hotel in Saudi Arabia, bringing the group’s portfolio in the country to 2,400 rooms in operation and under development. The new hotel is scheduled to open in Q4 of 2014.
“Saudi Arabia is a key development market for Rezidor. The country experiences continuous economic growth amid regional turmoil and global economic tremors. Its strong domestic market, important religious sites in addition to a strong real estate sector and a healthy hospitality market, call for a strong hotel presence,” said Kurt Ritter, president and CEO of Rezidor.
Speaking on behalf of Olayan Real Estate Company- the owner and developer of the Park Inn Jeddah and the real estate arm of The Olayan Group, Abdulrahman Al-Binali said: “We look forward to a continued relationship and future projects, including a possible new hotel in Riyadh for which we have already signed an MoU.”
The new Park Inn by Radisson will feature 250 rooms and 100 serviced apartments. The property will also boast two restaurants and a lounge, 500 square metres of meeting space, a fitness centre with outdoor swimming pool and a business centre.