- Memar Improvement & Funding is likely one of the corporations paving the best way for actual property growth within the hospitality and leisure sector within the Kingdom of Saudi Arabia.
- The brand new motels will add a formidable 618 keys to Rotana’s expansive portfolio throughout the Kingdom.
Rotana introduced its formidable pipeline throughout the Kingdom of Saudi Arabia at the Future Hospitality Summit (FHS) 2023, signing 4 “Edge by Rotana” and one “Rayhaan by Rotana” property in partnership with Memar Improvement & Funding, a number one actual property growth firm specialised within the hospitality growth guided by the motto “Growing to reinforce life”.
Man Hutchinson, President & CEO of Rotana, and Eng. Abdulaziz Al Meqren, CEO of Memar Improvement & Funding, had been each current on the official signing of the settlement at FHS’s International Stage on Tuesday, 9 Could 2023.
Commenting on the partnership, Hutchinson stated: Saudi Arabia presents one of many fastest-growing markets within the area, more and more establishing itself as a number one vacationer vacation spot. These new properties positioned within the coronary heart of Riyadh embody a mixture of motels and serviced flats, providing our visitors numerous choices to go well with their various wants. We’re excited to companion with Memar Improvement & Funding on this venture as we work collectively to ship on Rotana’s singular model promise of delivering ‘Treasured Time’ for all our visitors.
The 5 new Riyadh properties will add 618 keys to Rotana’s rising portfolio. That is according to the group’s goal of including triple the variety of rooms it presently runs within the Kingdom to six,000 over the following 4 years. The brand new Edge by Rotana properties shall be interconnected, working in synergy to make sure environment friendly workflow and ship the last word visitor expertise. The properties will provide visitors a spread of eating choices in addition to leisure services resembling swimming pools, gyms, remedy rooms and extra.
Eng. Abdulaziz Al Meqren, CEO of Memar Improvement & Funding added We’re happy to signal in the present day with a number one hospitality model with regional roots resembling Rotana. This new growth will present guests with numerous experiences gathered in a single place. With a wide range of eating and recreation services being developed throughout all 5 properties, residents and guests of Riyadh will quickly have a brand new place to find within the metropolis.
Makram El Zyr, Company Vice President – Improvement for Rotana added: launched at ATM 2022, Edge by Rotana has seen large growth and is on monitor to achieve its goal of working 30 Edge by Rotana properties throughout the area by 2027. Rotana has, so far, efficiently opened three Edge by Rotana-managed motels within the UAE – Arabian Park and Park Residences in November 2022, and Damac Hills 2 in February 2023.
About Memar
Memar Improvement and Funding was established in 2007 to be probably the most priceless and modern actual property growth corporations in Saudi Arabia in residential, industrial, hospitality and leisure. By way of our work, we had been capable of contribute to the formulation of the particular idea of high quality of life, by specializing in designs and buildings of high quality and effectivity that simulate humanism in all its kinds.
About Rotana
Rotana presently manages a portfolio of over 100 properties all through the Center East, Africa and Turkey, with an aggressive enlargement plan in place. Rotana has chosen to acknowledge how valuable time is by making all time spent of their vary of motels ‘Treasured Time’. This implies Rotana has pledged to grasp and meet the person wants of all visitors. In so doing, Rotana has advanced its product manufacturers to incorporate, Rotana Accommodations & Resorts, Centro Accommodations by Rotana, Rayhaan Accommodations & Resorts by Rotana, Arjaan Lodge Residences by Rotana and The Residences by Rotana. Treasured Time. The Rotana promise to you.
Additional info on any Rotana property, its manufacturers or reservations might be obtained by visiting rotana.com or by contacting one of many regional gross sales workplaces.
