350 Park Inn by Radisson Jeddah Announced for 2014
April 19, 2012 - The property featuring 350 rooms is Rezidor's 10th hotel in Saudi Arabia, bringing the group's portfolio in the country to 2,400 rooms in operation and under development. The new hotel is scheduled to welcome the first guests in Q4 2014.
"Saudi Arabia is a key development market for Rezidor. The country experiences continuous economic growth amid regional turmoil and global economic tremors. Its strong domestic market, its important religious sites in addition to a strong real estate sector and a healthy hospitality market, call for a strong hotel presence", said Kurt Ritter, President & CEO of Rezidor.
"We are pleased to work with Rezidor on this exciting new development in Jeddah, and look forward to our continued relationship and to future projects", said Abdulrahman Al Binali on behalf of Olayan Real Estate Company, the owner and developer of the hotel. The company is the real estate arm of The Olayan Group.
Jeddah lies on the Red Sea coast and is the second-largest city in Saudi Arabia, after the capital city Riyadh. The new Park Inn by Radisson will feature 250 rooms and 100 serviced apartments and will benefit from an excellent location on Al Madinah Road. It will have two restaurants and a lounge, 500sqm of meeting space, a fitness centre with outdoor swimming pool and a business centre. Being situated on one of Jeddah's main commercial roads, the hotel provides easy access to the shopping and commercial centers of the city. Jeddah's international airport is a short drive away and the holy cities of Makkah (65km) and Madinah (330km) are also within an easy driving distance.
Jeddah is an ethnically diverse city because of its role as gateway to Mecca for thousands of pilgrims from all over the world. Jeddah has a population of 3.5 million and is considered to be one of the major commercial centers of the country.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
