Hyatt said it expects to double its number of hotels in Saudi Arabia in the next four years.
The New York-listed hotel operator said it will add five additional Hyatt-branded hotels by 2023, adding approximately 1,300 rooms to Saudi Arabia.
The expansion includes the opening of Grand Hyatt Al Khobar, marking the first Grand Hyatt branded hotel in the kingdom, which is set to open in late 2019.
The opening of Jabal Omar - due to open in 2023 - will mark the entry of the Hyatt Centric brand into the country.
Additionally, Hyatt Regency Jeddah Serafi Mall is slated for a 2021 opening and a dual-branded Hyatt Place and Hyatt House Riyadh/KAFD is slated for 2022.
“Saudi Arabia continues to make significant strides in boosting tourism and infrastructure in a bid to diversify the economy,” said Ludwig Bouldoukian, regional vice president of development, Middle East and North Africa for Hyatt.
“The ambitious expansion of Hyatt brands cement Hyatt’s brand presence, both amongst Gulf residents and the increasing number of international travellers visiting Saudi Arabia.”
Hyatt’s current portfolio includes Park Hyatt Jeddah, Jabal Omar Hyatt Regency Makkah, Hyatt Regency Riyadh Olaya, Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street.