21 Hyatt eyes Saudi expansion
Hotels planned for Riyadh and Makkah; more to follow
Global hotelier Hyatt has announced major plans for expansion in the KSA, revealing two potential openings this year.
The first property in Riyadh — the 253-key Hyatt Regency Olaya — is set to open Q3 this year and will expand the company’s footprint in the region, while a second planned property, Hyatt Regency Makkah, a 628-key property scheduled to launch within a year, is well placed to target increasing numbers of religious tourists.
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“We are in consensus that markets like Riyadh and Jeddah and religious tourism are strong,” Peter Penev director, acquisitions and development, revealed. “We feel those two properties will be good anchors creating a triangle between Riyadh, Jeddah and Makkah for our travellers, not only internationally but in the local markets as well.”
In addition, Hyatt has a four-star brand Hyatt Place plus a Hyatt House targeting the extended-stay market in the pipeline for Makkah. “Those are 200 keys each and I believe will open by 2015,” Penev confirmed.
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