Hyatt Hotels Corporation focused on Middle East portfolio

Hyatt Hotels Corporation

Hyatt Hotels Corporation has exciting hotel developments planned for Saudi Arabia and Dubai.

On a mission to double its portfolio of properties in Saudi Arabia, five additional Hyatt branded hotels are expected to launch by 2023. The openings will include Grand Hyatt Al Khobar (2019), Jabal Omar Hyatt Centric Makkah Hotel and Residences (2023), Hyatt Regency Jeddah Serafi Mall (2021) and a dual-branded Hyatt Place and Hyatt House Riyadh/KAFD (2022).

Regional vice president of development, Middle East and North Africa, Hyatt, Ludwig Bouldoukian commented on the significance of the KSA: “The Kingdom of Saudi Arabia is one of the fastest growing religious tourism markets in the world and one of Hyatt’s primary focus areas within the Middle East. Saudi Arabia continues to make significant strides in boosting tourism and infrastructure in a bid to diversify the economy. The ambitious expansion of Hyatt brands cement Hyatt’s brand presence, both amongst Gulf residents and the increasing number of international travelers visiting Saudi Arabia.”

ATM2020

Adding to this, Hyatt Hotels Corporation announced during this year’s edition of the Arabian Travel Market that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group for the development of an Andaz-branded hotel on Palm Jumeirah in Dubai. Andaz Dubai The Palm, expected to inaugurate in Q4 of 2019, will represent the first Andaz-branded hotel in Dubai and the second Andaz hotel in the UAE, joining Andaz Capital Gate Abu Dhabi. The hotel will feature twin 15-storey towers home to 217 guestrooms and 116 serviced apartments, as well as four restaurants, a fitness centre, a spa and meeting facilities.

A second property is also under development at urban beachside destination La Mer. Previously announced as Andaz La Mer Dubai, Hyatt Centric La Mer Dubai will mark the first property under the Hyatt Centric brand in the UAE. Hyatt Centric La Mer Dubai is set to open in 2020.