The King Abdullah Financial District Development and Management Company (KAFD DMC), the manager of Riyadh’s premier business and lifestyle destination, has signed a Hotel Management Agreement (HMA) with Hilton to operate a 450-key hotel in the heart of the King Abdullah Financial District (KAFD).
The agreement, which
was signed at the 9th edition of the Future Investment Initiative (FII) in
Riyadh, marks a major milestone in the execution of KAFD DMC’s hospitality
strategy to attract iconic brands to the district and bolster KAFD’s position as
a leading destination for business and leisure travel.
Saad Abdulaziz
Alkroud, Chairman of the Board at KAFD DMC said: “We are excited to partner
with Hilton to enhance KAFD’s hospitality offering and firmly establish the
district as a major destination for both business and leisure travellers. KAFD’s
growing hospitality offering demonstrates our commitment to enabling Vision
2030 by developing world-class infrastructure to drive the growth of tourism in
the Kingdom.”
John Pagano, Managing
Director of KAFD DMC, said: “This agreement with Hilton is a key step in
expanding KAFD’s hospitality offering, supporting the district’s role as a hub
for business, investment, and international conferences. The hotel will
complement KAFD’s integrated ecosystem of offices, residences, retail, and
event venues, providing seamless convenience for visitors and residents. With
Hilton joining KAFD, we are advancing the district’s long-term strategy to
create a connected, dynamic environment where business and lifestyle converge.”
Bringing Hilton’s
flagship Hilton Hotels & Resorts brand to Riyadh’s business district,
Hilton Riyadh King Abdullah Financial District will be strategically located
next to KAFD’s conference centre, offering direct access to the district’s
business and cultural ecosystem through a network of climate-controlled
skywalks.
It will also connect to the upcoming monorail
system, linking directly to the Riyadh Metro and providing guests with seamless
access to the wider city. King Khalid International Airport is just 25 minutes
away.
Chris Nassetta,
President & CEO, Hilton, said: “Hilton Riyadh King Abdullah Financial
District represents an exciting step for Hilton in Saudi Arabia. Our growth in
the Kingdom has accelerated significantly in recent years, and with over 100
hotels trading and in the pipeline, we remain confident in the country’s
inspiring future. We are thrilled to be working alongside KAFD DMC to bring our
signature Hilton hospitality to the heart of Riyadh’s financial centre and
create unforgettable stays for all our guests.”
The hotel will
feature 450 modern and comfortable guest rooms and suites – blending
Hilton’s renowned service with a distinctly local experience. Guests will enjoy
a wide array of dining options, including a stylish lobby café, an all-day
dining and speciality restaurants, and a poolside terrace. Additional amenities
include a fully equipped fitness centre and health club.
Designed to cater to large corporate events and social gatherings, the hotel will offer 900 square meters of meeting and event space, including boardrooms and an executive lounge. The hotel expands KAFD’s hospitality offering with a distinguished selection of brands catering to Riyadh’s discerning business, leisure, and conference travellers. -TradeArabia News Service