The company has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels.
The three properties include Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah and upon opening the locations will form part of the Rua Al Madinah project. The Rua Al Madinah project is one of the most important initiatives of the Public Investment Fund to achieve the Kingdom of Saudi Arabia’s Vision 2030, which aims to raise the readiness of the eastern region of the Prophet’s Mosque to accommodate the rising demand in tourism.
“The Kingdom of Saudi Arabia continues to play a pivotal role in Hyatt’s growth strategy in the Middle East and we are excited to work with Rua Al Madinah Holding Company on the plans for these fantastic properties in Madinah,” commented Javier Águila, Group President, Europe, Middle East and Africa, Hyatt. “We are enthusiastic about Saudi Arabia’s vision and strategy for the country, and glad to see how tourism continues to grow year over year. We are honored to be part of this growth and these new properties signal Hyatt’s commitment to thoughtful brand growth in desirable destinations and further reinforces Hyatt’s position as a hospitality leader in the region.”
The three properties join Hyatt’s highly anticipated pipeline in Saudi Arabia, which is set to solidify Hyatt’s portfolio and diverse brand presence across key destinations in the country, including the Holy City of Madinah.
