Hyatt signs agreement with Rua Al Madinah Holding Company to bring three new hotels to the Kingdom Of Saudi Arabia

Hyatt signs agreement with Rua Al Madinah Holding Company to bring three new hotels to the Kingdom Of Saudi Arabia

CHICAGO – Hyatt announced today that a Hyatt affiliate has entered into management agreements with Rua Al Madinah Holding Company to manage three new Hyatt-branded hotels, including Grand Hyatt Madinah, Hyatt Regency Madinah and Hyatt Place Madinah. Upon opening, these properties will participate in the World of Hyatt loyalty program and will add a combined 1,729 room keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia, significantly expanding Hyatt’s brand presence in the country and demonstrating its commitment to strategic growth of its portfolio in key markets that matter to its guests, World of Hyatt members, customers and owners.

The three properties will be part of the Rua Al Madinah project and are set to be the first Hyatt-branded hotels in Madinah, a city that aims to attract 30 million tourists by 2030. The Rua Al Madinah project is one of the most important initiatives of the Public Investment Fund to achieve the Kingdom of Saudi Arabia’s Vision 2030, which aims to raise the readiness of the eastern region of the Prophet’s Mosque to accommodate the rising demand in tourism. Set within a distinguished urban environment, the milestone project will aim to enrich the visitor’s experience through the development of