Saudi: Rotana signs five properties with Memar Development

Saudi: Rotana signs five properties with Memar Development

Rotana, a leading hotel management company, has signed four “Edge by Rotana” and one “Rayhaan by Rotana” property in partnership with Memar Development & Investment at the Future Hospitality Summit (FHS) 2023.

Guy Hutchinson, President & CEO of Rotana, and Abdulaziz Al Meqren, CEO of Memar Development & Investment, were both present at the official signing of the agreement at FHS’s Global Stage.

Commenting on the partnership, Hutchinson said: “Saudi Arabia presents one of the fastest-growing markets in the region, increasingly establishing itself as a leading tourist destination. These new properties located in the heart of Riyadh include a mix of hotels and serviced apartments, offering our guests diverse options to suit their varying needs. We are excited to partner with Memar Development & Investment on this project as we work together to deliver on Rotana’s singular brand promise of delivering ‘Treasured Time’ for all our guests.”

The five new Riyadh properties will add 618 keys to Rotana’s growing portfolio. This is in line with the group’s target of adding triple the number of rooms it currently runs in the Kingdom to 6,000 over the next four years. The new Edge by Rotana properties will be interconnected, operating in synergy to ensure efficient