StayWell Hospitality Group CEO Simon Wan and Asas Capital Ltd CEO Riyad Alhoraibi for the official signing ceremony in Dubai.
Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) announced the signing of a management agreement to open and operate the company’s first Park Regis properties in Makkah Saudi Arabia.
Expected to open in the second quarter of 2018, the two hotels will have 286 and 344 guest rooms respectively (630 rooms in total).
The two Saudi hotels will join Park Regis’s presence in Australia, Singapore, United Arab Emirates, India, the United Kingdom and Indonesia.
CEO and managing director at StayWell Hospitality Group Simon Wan said that formalising the management agreement for the two hotels is a strategic move for the Sydney-based company in entering the established Saudi Arabia market to grow its presence in the Middle East further.
“These two unique hotels will offer guests superb dining options as well as deluxe accommodation within walking distance to the Grand Mosque in Makkah,” Wan said.
“The hotels are targeted to open in time for the 2018 Hajj and will welcome guests for the annual Islamic pilgrimage to Makkah visitors in this religious destination. We are looking forward to both hotels complementing our existing Park Regis Kris Kin and our upcoming Park Regis Business Bay hotel, located in Dubai. We are also actively looking for further opportunities to expand our network in the Middle East,” he said.
A representative from the owning company Riyad Alhoraibi said: “Discussions on the Park Regis Makkah hotels first started at ATM 2015 and over the ensuing months the relationship developed culminating in the signing of agreement for the two properties just weeks before the 2016 ATM.”
The opening of the Park Regis Makkah hotels will bring the StayWell Hospitality Group’s portfolio to 31 hotels worldwide and four in the region and a step closer to the group’s strategic objective of expanding its portfolio to 100 hotels within three years.
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