The Rezidor Group will open a new 170-room property, the Park Inn by Radisson Riyadh Al Sahafa, in 2014.
The hotel, which will be Rezidor’s 12th property in the country, will contain a mix of standard guest rooms, studios and serviced apartments.
The hotel and residences will share one restaurant, a lobby-lounge, fitness centre and 100 square metres of meeting space. It will be located 19km away from the International Airport, and 3km from the upcoming King Abdullah Financial District.
Kurt Ritter, president and CEO of Rezidor, said: “Saudi Arabia is a key focus market for our future development in the Middle East. The country continuous to experience strong economic growth, and the capital city Riyadh is an important and promising market for us.”
The mid-market Park Inn by Radisson brand was launched in 2003, and now has more than 150 hotels across Europe, the Middle East and Africa.
Other planned hotels under the brand include properties in Jeddah, Makkah and Dubai.
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