Wyndham Hotel Group, Riyada International Hotels & Resorts (franchisor of the Ramada brand in Saudi Arabia) and Concept Towers Real Estate have signed a deal to develop a new Ramada hotel in Riyadh.
Expected to open in 2020, the 189-guestroom Ramada Riyadh King Fahd Road will be managed by Riyada International Hotels & Resorts. "Saudi Arabia is redefining its tourism and hospitality sectors under Saudi Vision 2030, which will only increase demand for internationally recognized hotel brands throughout the Kingdom," Muhammad Al Amir, MD of Riyada International Hotels & Resorts, said in a statement.
The Ramada Riyadh King Fahd Road will be the 11th Ramada in the country and the 18th hotel under Wyndham Hotel Group's portfolio of brands. These include 12 operational hotels and a further six currently under development within the Kingdom.
In August, we reported that Saudi Arabia was plannng to develop a large portion of land by the Red Sea into a tourism destination, which will be governed by laws "on par with international standards," according to Bloomberg. Initial construction is set for Q3 2019 while the initial phase, which includes "the development of hotels and luxury units, as well as all logistical infrastructure—including air, land and sea transport hubs"—will be complete by Q4 2022.