Saudi: Dur Hospitality to develop hotel at KKIA
The agreement was signed to develop Makarem Arriyadh Hotel at King Khaled International Airport (KKIA)
Dur Hospitality Company has signed an agreement with the General Authority of Civil Aviation (GACA) to develop Makarem Arriyadh Hotel at King Khaled International Airport (KKIA).
The deal includes an extension of the current agreement for a period of 20 years starting from 2016.
The $31.90m (SAR120m) development will increase the hotel's capacity from 248 to 348 rooms and will include the development of a corporate business identity.
Upon completion, the hotel will be operated through an international hotel brand.
The agreement was signed by Dr. Badr bin Homoud Al-Badr, CEO of Dur Hospitality Company and Yousef Bin Ibrahim Al-Abdan, director of KKIA.
Commenting on the agreement, Al-Abdan, said: "We are delghted to extend our relationship with Dur Hospitality Company and we look forward to offering more support and encouragement towards the continuity of this fruitful partnership that witnessed a remarkable success over the past few years, and we are expecting even more prosperity, thanks to the huge efforts exerted and to the high expertise and enlightened vision."
Al-Badr added: "We are proud to announce the renewal of our agreement with the General Authority of Civil Aviation and we look forward to the continuance of this successful relationship based on mutual trust, through upgrading our experience together and providing a new concept through an international hotel brand.
"The signing of the agreement represents an important step towards our ambitious development plans of the hospitality industry in Saudi Arabia, and we are committed to providing upscale hotel services that suits our customers' requirements."