Preferred Hotels & Resorts adds Saudi, Bahrain hotels to portfolio

Preferred Hotels & Resorts has added two new hotels in Saudi Arabia and another in Bahrain to its portfolio.

The three additions consist of two boutique properties—the Vivienda Residences and Vivienda Granada—in the Saudi capital city of Riyadh, along with the independent Domain Hotel & Spa in Manama, Bahrain.

“This is a milestone moment in the development of the Preferred Hotels & Resorts brand in the Middle East,” Preferred Hotels & Resorts EVP Saurabh Rai said in a statement.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The Vivienda Residence has 12 private villas close to the Kingdom Tower, while the 48-room Vivienda Granada, also an all-villa property, has a collection of three-bedroom residences located in the new financial district of Al Shohada.

Meanwhile, the Domain Hotel & Spa has 131 guestrooms and suites and is located in the diplomatic area of the Bahrain capital.

Preferred Hotels & Resorts does not operate any hotels, but provides sales, marketing and distribution services to independent properties. Last year, Preferred reportedly generated more than $1 billion in collective reservations revenue for its member properties around the world. This year, the company has generated a 19-percent increase in reservations revenue for member properties globally from January through August 2016, compared to the same time period in 2015.

 

Suggested Articles

The company's main markets are still substantially affected by the measures rolled out to combat the COVID-19 health crisis.

Revenue per available room and occupancy increased over Q2, but uncertainty around the industry’s recovery remains.

The integration aims to provide hoteliers with seamless and complete visibility over group, catering and event sales performance activity.