Saudi’s Red Sea project signs agreements for nine hotels with 1,700 keys

Saudi’s Red Sea project signs agreements for nine hotels with 1,700 keys

Saudi Arabia’s Red Sea Development Company (TRSDC) has signed nine hotel management agreements with international brands to operate resorts in the first phase of development at the Red Sea project. The agreements with signed with Edition Hotels and St Regis Hotels & Resorts – part of Marriott International; Fairmont Hotel & Resorts, Raffles Hotels & Resorts and SLS Hotels & Residences – part of Accor; Grand Hyatt – part of Hyatt Hotels Corporation; Intercontinental Hotels & Resorts and Six Senses – part of IHG Hotels & Resorts; and Jumeirah Hotels & Resorts, a statement said. The nine hotels are part of the 16 properties currently under development in the first phase of the project, and collectively feature more than 1,700 hotel keys of the total 3,000 planned for phase one. “Saudi Arabia is accelerating its development of a new tourism offering in the kingdom, fuelled by the ambitious Vision 2030 programme,” said John Pagano, CEO at TRSDC. “Most importantly, such partnerships with globally recognised and respected brands signifies the growing confidence in our business, our flagship destination and in Saudi Arabia as a tourism destination.” The Red Sea project’s first phase of development is “on track” for completion by the