Corinthia Hotels Limited has signed an agreement with Diriyah Gate Development Authority (DGDA) to open a hotel in 2025 in Diriyah, Saudi Arabia, its Malta-based parent company International Hotel Investments plc announced on Tuesday.
The hotel will be constructed in “traditional Najdi style”, as a mudbrick 80-key hotel, with 10 residential serviced villas, and two speciality restaurants, forming part of its five dining outlets.
The project is part of the wider development of the historic city, which will be regenerated into Saudi Arabia’s foremost historical, cultural, and lifestyle destination. This will include the establishment of over a dozen new premium hotels as the next step in DGDA’s journey to revitalise “the Jewel of the Kingdom”.
Located to the northwest of Saudi Arabia’s capital city of Riyadh, Diriyah was the original home of the Saudi royal family, and its Turaif district was declared a UNESCO World Heritage Site in 2010.
DGDA is aiming to attract visitors from different parts of the world with an array of world-class cultural landmarks and experiences, leisure activities, retail choices, and premier dining options. As a result, its hotel partners are selected to complement this and play a “significant role in enticing visitors” to explore the city and Saudi Arabia as a whole by bringing a number of notable brands to it, IHI stated.
IHI owns and manages various hotels in four different continents, and has also delved into residential and commercial real estate markets over the years through a number of investments in its subsidiary and associate companies. In Malta, it currently owns Corinthia Oasis, Corinthia Palace Hotel & Spa, Corinthia St George’s Bay, Radisson Blu Resort & Spa, Radisson Blu Resort, and Martina Hotel Corinthia Beach Resort.
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