Movenpick signs deal to open fourth Jeddah hotel in 2019

Mövenpick Hotels & Resorts has signed a deal to develop its 14th property in Saudi Arabia and its fourth property in Jeddah. The Mövenpick Hotel Heraa Jeddah is due to open in 2019.  

The 300-room hotel will be close to mega developments such as Kingdom Tower and Jeddah Waterfront. It is one of five new properties being rolled out by the group in KSA over the next four years, with two planned for Riyadh, one for Al Khobar and the 233-key Mövenpick Hotel City Star Jeddah.

“The hotel is just five minutes from Jeddah’s King Abdulaziz International Airport, which is currently undergoing a US$7.2 billion expansion to take its ultimate capacity to 80 million passengers annually," Mövenpick Hotels & Resorts Middle East and Asia chief operating officer Andreas Mattmüller said. "We will therefore be the first point of call for travellers stopping in Jeddah en-route to the two Holy Cities, Makkah and Madinah.”


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

The furloughs will affect those at its domestic owned properties as well as its corporate staff.

The company is reducing its corporate workforce 40 percent to approximately 100 full-time-equivalent employees.

As of April 2, more than half of Accor’s branded hotels were closed worldwide, a portion the company said could grow to two-thirds in coming weeks.