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Hilton Worldwide Signs Fourth Hilton Hotels & Resorts Property in Riyadh

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Published on 13/01/12 - Updated on 17/03/22

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210-key Hilton Riyadh King Fahd Road to open in 2014

Hilton Worldwide announces the signing of a Management Agreement with Obeikan Real Estate Development Company for the fourth Hilton Hotels & Resorts property in Riyadh, Saudi Arabia. The 210-key Hilton Riyadh King Fahd Road is scheduled to open in 2014, following the Hilton Riyadh King Saud University, Hilton Riyadh King Saud University Residence and the Hilton Riyadh Hotel & Residence, all scheduled to open by 2013.Traditionally a corporate destination, tourism to Riyadh has been primarily driven by administrative activities and commercial developments in and around the city. The government's drive to develop the non-oil sector has resulted in some of the largest developments in the region including the Information Technology & Communication Complex and King Abdullah Financial District."Hilton Worldwide currently has six hotels operating and 14 hotels in the development pipeline in Saudi Arabia.

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