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Hilton Worldwide announces the signing of a Management Agreement with Obeikan Real Estate Development Company for the fourth Hilton Hotels & Resorts property in Riyadh, Saudi Arabia. The 210-key Hilton Riyadh King Fahd Road is scheduled to open in 2014, following the Hilton Riyadh King Saud University, Hilton Riyadh King Saud University Residence and the Hilton Riyadh Hotel & Residence, all scheduled to open by 2013.
Hilton Worldwide today announced the signing of a Management Agreement with Saudi Arabia's Granada Investment Centre established by General Organisation for Social Insurance (GOSI) for the first Hilton branded property in Riyadh scheduled to open in Q4 2013. Located on Riyadh's Eastern Ring Road, a major corridor linking King Khalid International Airport with the downtown area, the new-build Hilton Riyadh Hotel & Residence in the Kingdom of Saudi Arabia will feature two towers; a 20-storey 480-room hotel tower, and a 14-storey tower with 350 hotel apartments.