Hilton Worldwide announced the signing of a management agreement with Obeikan Real Estate Development Company for the fourth Hilton Hotels & Resorts property in Riyadh, Saudi Arabia. The 210-key Hilton Riyadh King Fahd Road is scheduled to open in 2014, following the Hilton Riyadh King Saud University, Hilton Riyadh King Saud University Residence and the Hilton Riyadh Hotel & Residence, all scheduled to open by 2013.
Construction on the hotel has already commenced, and once completed, the hotel will feature 210 rooms, a specialty restaurant, all-day dining outlet, as well as a pool and lobby lounges. Other facilities include a business center, health club and spa and executive lounge. Catering to Riyadh's considerable events and meetings market, seven meeting rooms, two boardrooms and one ballroom are also planned.
Hilton Worldwide currently has six hotels operating and 14 hotels in the development pipeline in Saudi Arabia.