Saudi TDF signs luxury hotel deal with German Deutsche Hospitality

Saudi TDF signs luxury hotel deal with German Deutsche Hospitality

Saudi Tourism Development Fund (TDF) has signed a Memorandum of Understanding (MoU) with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG, to develop and operate Steigenberger Porsche Design Hotels projects in the Kingdom.

The agreement, which was signed by Mr. Qusai Al-Fakhri, CEO of TDF and Mr. Marcus Bernhardt, CEO of Deutsche Hospitality, in the presence of His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of Directors of TDF, includes the right to exclusively launch the first Steigenberger Porsche Design Hotels project in the Middle East.

The luxurious Steigenberger Porsche Design Hotels will feature an innovative hotel concept within the lifestyle segment. With a minimum of 150 rooms, suites, and penthouses, the hotels will include a restaurant and lounge concept, exclusive meet and greet areas, and world-class health and beauty facilities, with a gym and wellness area.

Guests will also benefit from an individualized journey at every touchpoint, driven by the hotel’s focus on hyper personalization, innovation, and functional approach.

H.E. Qusai Al-FakhriCEO – TDF

“We are pleased to announce the signing of this MoU with Deutsche Hospitality, a company that blends world-class hospitality with elevated standards to attract entities to invest in, develop, and