Conrad inks agreement to open second property in Saudi Arabia

i By August 16, 2023 No Comments

Hilton has signed an agreement with Mashareq Investment to open Conrad Riyadh Laysen Valley at the beginning of 2025. The Conrad Hotels & Resorts property will be the second for the brand in Saudi Arabia, joining Conrad Makkah.

Conrad Riyadh Laysen Valley will mark the brand’s entry into the heart of Riyadh. The 170-key hotel will feature an indoor pool, fitness center, boutique spa, seven meeting rooms spanning more than 5,300 square feet, and multiple dining outlets.

Conrad Riyadh Laysen Valley will be located in one of Riyadh’s most prominent high-end, mixed-use real estate projects, Laysen Valley. It will be situated opposite the city’s Diplomatic Quarter (DQ) and near the Kingdom’s royal court and corporate business hubs.

Commenting on the signing, Carlos Khneisser, vice-president, development, Middle East & Africa, Hilton, said, “Laysen Valley is undeniably one of the most well-conceived mixed-use luxury developments in Saudi Arabia, making it perfectly aligned to the Conrad brand. At Hilton we are extremely excited at the prospect of operating this world-class luxury hotel at the heart of the city’s government and ministerial hub and within exceptional surroundings.”

Eng. Abdulaziz AlZamil, chief executive officer, Mashareq Investment, said, “Originally announced as part of Hilton’s Curio Collection, this hotel will open under the Conrad Hotels & Resorts brand, aligning with a new vision for Laysen Valley. We are delighted to be partnering with Hilton to bring Conrad Riyadh Laysen Valley to the heart of Riyadh and look forward to creating a luxury hub to cater for the growing number of travellers to the Saudi capital.”

Hilton currently operates 16 hotels in Saudi Arabia with plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in the EMEA region. Projects include the introduction of new brands such as LXR Hotels & Resorts, Canopy by Hilton, Embassy Suites by Hilton, and Hampton by Hilton. The company plans to grow its portfolio to more than 75 properties in Saudi Arabia over the coming years.