Hyatt in deal to develop beach hotels, mountain retreats in Saudi Arabia

Hyatt in deal to develop beach hotels, mountain retreats in Saudi Arabia

Saudi Arabia - Expanding its roster of collaborators, the Tourism Development Fund (TDF) has announced the signing of a MoU with an affiliate of Hyatt Hotels Corporation to establish luxury hotels across the Kingdom of Saudi Arabia.

The collaboration aims to develop several hospitality-led destinations which will enhance the tourism offering in Saudi Arabia. These destinations may include beach and urban hotels, as well as mountain, desert and farm retreats.

They will be developed under Hyatt’s existing trademarks, such as Alila Resorts, which offer an authentic wellness destination experience, or other trademarks such as Park Hyatt, Hyatt Centric, Grand Hyatt and any other Hyatt brands mutually agreed upon by the entities, reported SPA.

The development of these hotels would be part of the Kingdom’s National Tourism Strategy and in line with Saudi Vision 2030, it stated.

On the agreement, CEO Qusai Al Fakhri, said: "We are joining forces with many legacy brands in the tourism, hospitality, and business travel segments as we continue to thoughtfully expand our roster of collaborators. This collaboration with Hyatt will help us to attract tourists and ensure that they receive a comfortable, high-quality experience in the Kingdom’s top tourism destinations."

Hyatt has one of the world's largest portfolios of hotels