KSA: Accor and Erth Real Estate Company will open three new hotels in Riyadh as part of a new master planned development project.
The development will include a 230-key Raffles hotel, a 250-key Sofitel Serviced Residence, and a 60-villa MGallery resort, all set to open by 2027.
It will also include office towers, residential towers, and retail space, all built around a centrally located garden area. Raffles and Sofitel will be in 34-storey and 42-storey towers.
Erth Real Estate Company is the owner and developer of the 4.2 billion Saudi Riyal mixed-use project at Al Yasmin District and has signed with Accor for hotel management within the two towers of this development. Accor will provide hotel management services and support from several brands within its portfolio.
Lead architect for the scheme is Foster + Partners. Additional consultants will provide expertise on spa, art, technology, and food & beverage.
Speaking at the signing event, Saud Abdullah Al Rajhi, the group managing director of Erth Real Estate stated: “The company’s vision of becoming a preferred real estate brand in Saudi Arabia is fully aligned with leading first-class projects that meet market expectations and unleash the economic potential of the Kingdom. Therefore, Erth is pleased to expand its relationship with Accor by adding new assets to our hospitality portfolio.”
“As part of Accor’s ultra-luxury division, Raffles is honored to soon open a second destination in the Kingdom of Saudi Arabia, particularly in Riyadh,” said Omer Acar, CEO Raffles & Orient Express. “As a brand that is highly selective of the destinations where we choose to develop, we are confident that vibrance and growth surrounding the city of Riyadh is the perfect location to offer our guests the true Raffles experience – one that is celebrated, authentic, and renowned for its legendary service. We look forward to welcoming new guests and those returning as family to Raffles Riyadh.”
