Swiss-based Mövenpick Hotels & Resorts has signed an agreement with real estate and investment company Hadia Abdul Latif Jameel Group to manage the 164-room Movenpick Hotel & Apartments Al Tahlia Jeddah.
As part of a mixed-use development, the Mövenpick Hotel & Apartments Al Tahlia will be located next to Jameel Square, an office building also developed by the Hadia Abdul Latif Jameel Group.
Movenpick currently operates two hotels in Jeddah, but this project brings the pipeline up to three. By 2018, the company should have 923 rooms across five hotels.
Movenpick Hotels & Resorts plans to increase its Saudi footprint by a third, from a current 10 properties (3,907 rooms) to 15 (5,204) by 2018.
Source: Arabian Business