MORE than $140 million is being allocated to ambitious hospitality projects in Saudi Arabia by Al Khozama Management Company.
With extensive developments already established in the kingdom, the leading luxury commercial property development, investment and management company is further strengthening its position with construction of new hotels and refurbishment of existing luxury properties in Riyadh.
At last month’s Arabian Travel Market (ATM), Al Khozama outlined its new projects, including the conversion of the Al Khozama Centre in Riyadh into a four-star deluxe Hotel Al Khozama. Work on the project will begin in Q4 of 2012, with the opening of the property scheduled for the last quarter of 2014. Hotel Al Khozama will comprise 214 rooms and suites, an all-day dining restaurant and a state-of-the-art fitness centre.
Prince An artist’s impression of the new Hotel Al Khozama
Al Khozama’s flagship five-star property, the Al Faisaliah Hotel-North, A Rosewood Hotel, will undergo extensive renovation this year to ensure it remains Riyadh’s leading luxury, internationally renowned hotel. Refurbishment will begin in June in the lobby of the hotel, a meeting point in the capital city that has been the venue over the past decade for many historic business transactions.
This will be followed by the introduction of innovative new concepts in the hotel’s award-winning fine dining restaurants, The Globe and Cristal.
The luxurious guest rooms and suites for which Al Faisaliah Hotel is renowned will also enjoy extensive renovation during the next 12 months. With the introduction of cutting-edge technology combined with the personalised service that is unique to the hotel, the new room experience will remain unrivalled.
Prince Bandar bin Saud bin Khalid, chairman of Al Khozama Management Company, said: “Our investment in new and existing hotel projects in the kingdom demonstrates Al Khozama’s continued commitment to the growth of Saudi Arabia’s hospitality industry. Our strategy remains focused on setting new benchmarks within the sector and the international awards for excellence we continue to receive for our properties are testimony to our leading position in Saudi Arabia and beyond. ”
The company is scheduled to announce a new hotel in Jeddah soon.