RIYADH: Amsa Hospitality and Artal Hotels have signed hotel management agreements for three properties in Riyadh, along with a memorandum of understanding between Hyatt and Artal Hotels, as part of plans for the hotels to join Hyatt’s portfolio of brands.
The announcement highlights growing collaboration between Saudi companies and global hospitality firms as the Kingdom’s hotel sector continues to attract regional and international investment.
The agreements cover three properties in Riyadh’s Al-Muhammadiyah, Al-Sahafa and Al-Nafel districts, comprising one new-build hotel and two properties that will be converted.
The planned all-suite hotel in Al-Nafel, currently under development, is expected to offer 70 units. The second property, in Al-Sahafa, is expected to include 131 rooms, while the third, on Takhassusi Street in Al-Muhammadiyah, is expected to offer 99 rooms. Together, the three properties will include restaurants and cafes, meeting rooms, event spaces, gyms, wellness facilities and other amenities.
Aamir Riaz, chief operating officer of Amsa Hospitality, said: “At Amsa Hospitality, we are focused on operating hotels that respond to clear market demand in Saudi Arabia’s most active destinations. These hotel management agreements with Artal Hotels reflect our confidence in Riyadh’s continued growth as a hospitality hub, while bringing together local Saudi expertise, strong ownership, and the reach of Hyatt’s global brand portfolio.”
Fahad Al-Khunaini, chief executive officer of Artal Hotels, said the company selected Amsa Hospitality because of its experience operating hotels under global brands while adapting them to the Saudi market.
“The team at Amsa Hospitality has demonstrated the ability to bring these elements together in a way that supports guest experience and commercial performance. We are confident this collaboration and the strength of Hyatt brands will create long-term value for all three properties.”
Briana Swift, vice president of development for Saudi Arabia at Hyatt, said the company’s memorandum of understanding with Artal Hotels reflects its approach of working with local owners and operators as it expands its presence in the Kingdom.
“Through this memorandum of understanding with Artal Hotels, we anticipate working with experienced industry players who understand how to protect the strength of our brands while shaping experiences that resonate with both domestic travelers and visitors to Riyadh from around the world.”
The properties are expected to open and be rebranded in phases, with all three planned to operate under Hyatt brands by the end of 2026.
