Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Riyadh to have 20% of 155 new hotels planned across KSA  Join our daily free Newsletter

MENAFN - Arab News - 24/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) As many as 155 new starred hotels are expected to enter the Saudi market during 2014-2015, according to reports, which state that the Kingdom's hospitality sector is growing at an annual rate exceeding 8.5 percent.
The latest statistics show that the number of hotel rooms in the Kingdom's five-star, four-star and three-star properties currently exceed 24,000 rooms in various categories. There are around 55 hotels in Riyadh City, according to the Supreme Commission for Tourism and Antiquities, 15 of which are five-star properties; Riyadh has 20 percent of the Saudi hospitality market share.
Stephan Kaminski, who is appointed as the pre-operation GM, Burj Rafal Hotel Kempinski, Riyadh, said: "The hotel industry in Saudi Arabia is growing at a positive pace, and the volume of investment in this sector is one of the most important from the point of view of investors due to the Kingdom's economic stability. This provides a safe haven for investments. Additionally, the occupancy rates reach 100 percent during specific periods of the year and an average of up to 75 percent throughout the year, especially in Riyadh."
Kaminski added: " The positive development of the hotel industry has prompted RAFAL, the premier residential communities' innovator, to appoint Kempinski Hotels, one of the most renowned luxurious European Hotels in the world, to operate their hotel at the Burj RAFAL Community and launch the Burj RAFAL Hotel Kempinski, Riyadh, which is set to open in early 2014."
Burj Rafal Hotel Kempinski, Riyadh occupies 23 floors of a total of 70 floors at the Burj Rafal Community. Guests can choose from 350 luxury guestrooms, suites and serviced apartments, two restaurants, three cafes, conference facilities, ballroom for up to 2,000 guests, two spas and wellness centers for men and women. Attached and connected to the hotel will be a boulevard of selected boutiques, extending an elegant lifestyle to this unique community, "a place to see and be seen."
Kaminski said: "Burj Rafal Hotel Kempinski, Riyadh's keenness on enriching the lifestyle offered at the Burj Rafal Community made it extend the delivery service offered at the hotel to the residents of the apartments in the tower, to offer a sense of refined luxury."
Burj RAFAL Hotel Kempinski, Riyadh will take the luxurious hotel industry in Riyadh to a new level allowing guests to discover the meaning of true prosperity and refined service at its highest level, he said, adding the property has a stylish modern Najdi architecture designed by WAI, an internationally reputable interior design firms.
"All rooms and suites offer stunning views, especially the dramatic sunset and the sparkling stars and lights of Riyadh," he said.
Kaminski added: " Burj Rafal will include a very luxurious lobby with a huge conference and celebration hall that can accommodate up to 2,000 people, in addition to 19 meeting rooms and a business center equipped with the latest technology to make the meetings successful. Burj Rafal Hotel Kempinski will be the most sought-after address in Riyadh for special occasions like weddings, private parties, conferences, exhibitions, and even extraordinary meetings."
Kaminski said: "On the 6th floor lies a European luxurious spa and wellness center within the hotel managed by Resense Spa. A fusion of modern and traditional design, art, therapies and bathing; a genuine oasis for tranquility where stress gives way to newfound energy. "
According to the Supreme Commission for Tourism and Antiquities in the Kingdom, there are more than 300 travel and tourism agencies in Riyadh, continuously promoting the capital's business tourism, which hosts regional and international exhibitions and conferences thus enhancing the hospitality sector, hotel occupancy and banqueting.
Burj Rafal Hotel Kempinski Riyadh is the coronation of RAFAL's projects, which launched Burj Rafal Community in addition to Al Rabia and Blncyah communities. RAFAL has introduced a new concept of living to the city of Riyadh by innovating the residential communities. RAFAL's future strategy reflects presenting over 3,950 residential units amid the environment of the distinguished communities at a cost of over SR5.1 billion.

 


Arab News




  MENA News Headlines
 Apr 17 2015 - UAE's Emaar Properties expects USD1.01b net profit in 2015MENAFN
(MENAFN) Dubai-based Emaar Properties expects an accumulated net profit of about USD1.01 billion in 2015, showing an increase over analysts' forecasts, according to a corporate presentation, Reuters ...

 Apr 17 2015 - UAE imports USD199.3m of Swedish woodMENAFN
(MENAFN) The UAE imported a total of USD199.3 million worth of wood from Sweden, marking 25 percent of the European country's wood exports to the region, Emirates News Agency reported.Sweden exported ...

 Apr 17 2015 - Tunisia signs USD106.31m loan with European CommissionMENAFN
(MENAFN) The government of Tunisia is set to receive USD106.31 million loan from the European Commission who approved the payment on behalf of the EU, Kuwait News Agency reported.The sum comprises ...

 Apr 17 2015 - Al Rayyan and Al Ahli register winsThe Peninsula
(MENAFN - The Peninsula) Cage Calvin (right) of Al Wakrah attempts to break through the Al Rayyan defence during the Qatar Basketball Cup 2015 at Al Gharafa Stadium yesterday. Al Rayyan won 102-74. ...

 Apr 17 2015 - Ice-hockey: Czech star Jaroslav Holik dies aged 72The Peninsula
(MENAFN - The Peninsula) Prague - Czech ice-hockey legend Jaroslav Holik, who led his country's under-20 team to world titles in 2000 and 2001 as a coach, has died at the age of 72, local media said ...

 Apr 17 2015 - Figure skating: World Team Trophy resultsThe Peninsula
(MENAFN - The Peninsula) Tokyo - Results from figure skating's World Team Trophy in Tokyo on Friday:Pairs short programme1. Sui Wenjing/Han Cong (CHN) 71.20 points2. Meagan Duhamel/Eric Radford (CAN) ...

 Apr 17 2015 - Qatar Exchange gains 113.62 points regional bourses bullishThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange index continued its green run yesterday, gaining 113.62 points, or 0.96 percent when the bourse closed trading at 11,947.45 points. Indices of all sectors made ...

 Apr 17 2015 - Qatari stocks break 12,000 mark, up 0.3pThe Peninsula
(MENAFN - The Peninsula) Qatari stocks broke the psychological 12,000 mark in intraday trade yesterday before finishing slightly lower at 11,987, up 0.3 percent from the previous session. The ...

 Apr 17 2015 - Building raw materials to be cheaper soonThe Peninsula
(MENAFN - The Peninsula) The basic building raw materials such as gabbro and limestone in the local market are likely to become cheaper in the near future due to stiff competition among importers, ...

 Apr 17 2015 - Barwa buys Saudi residential compound in SR300m dealThe Peninsula
(MENAFN - The Peninsula) The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG), announced the acquisition of a residential compound in Riyadh by Manazel Compounds Real ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help