International, Inc. announced that it will introduce two new properties including its first-ever full service hotel in Al Khobar. The announcement of two properties, Al Khobar Marriott Hotel and Marriott Executive Apartments Al Khobar, was made following a recent signing agreement with Ali Bin Sultan & Brothers Group Holding Co. Ltd, a leading local organization with interests in the construction, manufacturing and hotel industries.
Due to be completed in 2018, the Al Khobar Marriott Hotel will comprise of a total of 200 rooms. The 80-unit Marriott Executive Apartments in the vicinity is also due to be completed at the same time. Both properties will be managed by Marriott International under a long-term agreement with the owners - Ali Bin Sultan & Brothers Group Holding Co. Ltd.
Commenting on the signing, Alex Kyriakidis, President, Middle East & Africa of Marriott International said: “Growing domestic demand and a strong corporate sector within the oil and gas industry are all fuelling development of Al Khobar’s hotel industry in Saudi Arabia. We see huge potential for growth in the Kingdom and today’s agreement is testament to this.”
Al Khobar is home to Saudi Arabia's oil and petrochemical industry and is a leading corporate and commercial destination in the Eastern Province of Saudi Arabia. Both properties will be located at the intersection of King Fahd and Prince Salman Roads, conveniently close to the city's two largest shopping malls and enjoying easy access to King Fahd International Airport and to the famous King Fahd Causeway, a 26-kilometre road bridge connecting Saudi Arabia with Bahrain.
Commenting on the signing, Mr. Ali Bin Sultan, President of Bin Sultan Holding Group said: “As a home-grown Saudi company with a rich heritage, we are delighted to partner with one of the world’s leading hospitality companies - Marriott International. We look forward to what will be a true exchange of insight and excellence which will ultimately benefit both the local community as well as the increasing number of travellers visiting the Kingdom.”
Source: Marriot Hotels