Tag Archives: Saudi Real Estate Company

Starwood Hotels & Resorts Worldwide signed an agreement with Saudi Real Estate Company (Al-Akaria) to open two new hotels in Riyadh. Scheduled to open in 2022, The Westin Riyadh and Element Riyadh will feature a combined 632 rooms. These signings mark the return of the Westin flag to Saudi Arabia and the first Element in the country. The properties will be a part of a mix-use development in the vicinity of the King Abdullah Financial District (KAFD), in the heart of Riyadh. Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East stated that Saudi Arabia remains one of their strongest growth markets in the region and they were thrilled to be strengthening their presence in the country with two new hotels together with Al-Akaria.  As one of the Middle East’s key business hubs, Riyadh is an increasingly popular destination for regional and international travellers and a great choice for the expansion of their Westin and Element brands. Starwood operates 53 hotels and resorts across the Middle East under eight of the company’s ten distinct lifestyle brands including: The Luxury Collection, St. Regis, Sheraton, Westin, W Hotels, Le Méridien, Four Points by Sheraton and Aloft. With a pipeline of over 40 hotels, the company is on target to operate 100 hotels in the Middle East by 2020.  Saudi Arabia remains Starwood’s second largest market in the region with 10 operational hotels and 13 properties in the pipeline.

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