Hilton Worldwide and Dar Al Bayan Real Estate Development Enter Management Agreement
New Build, 430-key Hilton Al Jubail in Al Jubail, Saudi Arabia
DUBAI, UAE / MCLEAN, VA - May 23, 2011 - Hilton Worldwide today announced the signing of a management agreement with Dar Al Bayan Real Estate Development Co. for the first Hilton Hotels & Resorts property in Al Jubail, Saudi Arabia. The 430-key Hilton Al Jubail is scheduled to open in Q1 2014.
Dave Horton, global head, Hilton Hotels & Resorts said: "Hilton Al Jubail marks our entry into a new key city in the Kingdom. With 93-years of experience, global expertise, and the ability to tailor to our local communities, Hilton Al Jubail will ably support the city's development into a business and tourism center."
The hotel, located on the Al Jubail corniche, will be one of the few waterfront developments being built, adjacent to the upcoming marina and in close proximity to Industrial Zone 1, the city's business hub. Construction of the 400-room and 30-suite chalets hotel is scheduled to start early next year. The property will feature two specialty restaurants, an all-day dining restaurant and a lobby lounge. The facilities will include four meetings rooms, two boardrooms, a 700-sq m ballroom, business centre, executive lounge, private beach, outdoor swimming pools and a health club.
"Al Jubail is of strategic importance to Hilton Worldwide's development plans in Saudi Arabia - its growing significance to the economy and its coastal location, makes it one of the most dynamic cities in the region, attracting both regional and international. We are delighted to partner with Dar Al Bayan Real Estate Development Co. and look forward to expanding our brand footprint into the eastern province," said Rudi Jagersbacher, area president, Middle East & Africa, Hilton Worldwide.
The hotel will be designed as a city resort to meet the requirements of the business and leisure tourism markets. Demand will be driven by the industrial sectors with medium to long-stay business and meetings and conferences, as well the domestic and expatriate weekend vacation market.
"We are happy to partner with Hilton Worldwide to launch the Hilton Hotels & Resorts brand in Al Jubail and bring the brand's world-class hospitality standards to the city. This is our first deal with Hilton Worldwide and we hope it will pave the way for future partnerships that will strengthen Al Jubail's tourism industry and support Hilton Worldwide's presence in the Kingdom," stated Mohamad Obaid Abed Al Rahman Al Hamed, Chairman, Al Bayan Group Holding.
Hilton Worldwide currently has six hotels operating and 13 hotels in the development pipeline in Saudi Arabia.
About Hilton Hotels & Resorts
One of the most recognized names in the industry, Hilton Hotels & Resorts stands as the stylish, forward thinking global leader in hospitality. From inaugural balls and Hollywood award galas to business events and days to remember, Hilton is where the world makes history, closes the deal, toasts special occasions and gets away from it all. The flagship brand of Hilton Worldwide continues to build upon its legacy of innovation by developing products and services to meet the needs of tomorrow's savvy global travelers while more than 144,000 Team Members shape experiences in which every guest feels cared for, valued and respected. Today, the Hilton Hotels & Resorts portfolio includes more than 540 hotels in 76 countries and the brand remains synonymous with "hotel." Access the latest Hilton news at www.hiltonglobalmediacenter.com or begin your journey at www.hilton.com. Social media users can engage with Hilton at www.twitter.com/hiltononline, www.facebook.com/hilton and www.youtube.com/hilton. Hilton Hotels & Resorts is one of Hilton Worldwide's ten market-leading brands.
About Hilton Worldwide
Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 92 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,700 hotels and 610,000 rooms in 82 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors®.
For more information about the company, visit www.hiltonworldwide.com.
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