Fairmont Hotels and Resorts is continuing its Middle East expansion with a new hotel in Riyadh, Saudi Arabia.
The company said it has signed an agreement to manage a 287-room hotel and convention center that is part of a mixed-used development called Business Gate, which will house multinational and regional companies.
“Riyadh is currently undergoing tremendous development, becoming a key financial and business destination for not only Saudia Arabia but the Middle East,” said Chris Cahill, president of Fairmont. “The influx of both public and private investment is creating a great opportunity for business and leisure travel, and Fairmont Riyadh, Business Gate will be an exciting addition to our own brand’s growth in the region.”
Fairmont has 10 hotels open or under development in the region.