- Memar Improvement & Funding is without doubt one of the corporations paving the way in which for actual property growth within the hospitality and leisure sector within the Kingdom of Saudi Arabia.
- The brand new lodges will add a formidable 618 keys to Rotana’s expansive portfolio throughout the Kingdom.
Rotana introduced its bold pipeline throughout the Kingdom of Saudi Arabia at the Future Hospitality Summit (FHS) 2023, signing 4 “Edge by Rotana” and one “Rayhaan by Rotana” property in partnership with Memar Improvement & Funding, a number one actual property growth firm specialised within the hospitality growth guided by the motto “Creating to boost life”.
Man Hutchinson, President & CEO of Rotana, and Eng. Abdulaziz Al Meqren, CEO of Memar Improvement & Funding, have been each current on the official signing of the settlement at FHS’s International Stage on Tuesday, 9 Could 2023.
Commenting on the partnership, Hutchinson mentioned: Saudi Arabia presents one of many fastest-growing markets within the area, more and more establishing itself as a number one vacationer vacation spot. These new properties positioned within the coronary heart of Riyadh embrace a mixture of lodges and serviced flats, providing our friends various choices to go well with their various wants. We’re excited to accomplice with Memar Improvement & Funding on this mission as we work collectively to ship on Rotana’s singular model promise of delivering ‘Treasured Time’ for all our friends.
The 5 new Riyadh properties will add 618 keys to Rotana’s rising portfolio. That is in step with the group’s goal of including triple the variety of rooms it at present runs within the Kingdom to six,000 over the subsequent 4 years. The brand new Edge by Rotana properties might be interconnected, working in synergy to make sure environment friendly workflow and ship the last word visitor expertise. The properties will provide friends a variety of eating choices in addition to leisure amenities reminiscent of swimming pools, gyms, remedy rooms and extra.
Eng. Abdulaziz Al Meqren, CEO of Memar Improvement & Funding added We’re happy to signal at present with a number one hospitality model with regional roots reminiscent of Rotana. This new growth will present guests with varied experiences gathered in a single place. With quite a lot of eating and recreation amenities being developed throughout all 5 properties, residents and guests of Riyadh will quickly have a brand new place to find within the metropolis.
Makram El Zyr, Company Vice President – Improvement for Rotana added: launched at ATM 2022, Edge by Rotana has seen large growth and is on observe to succeed in its goal of working 30 Edge by Rotana properties throughout the area by 2027. Rotana has, to this point, efficiently opened three Edge by Rotana-managed lodges within the UAE – Arabian Park and Park Residences in November 2022, and Damac Hills 2 in February 2023.
About Memar
Memar Improvement and Funding was established in 2007 to be one of the crucial beneficial and modern actual property growth corporations in Saudi Arabia in residential, business, hospitality and leisure. By means of our work, we have been in a position to contribute to the formulation of the particular idea of high quality of life, by specializing in designs and buildings of high quality and effectivity that simulate humanism in all its types.
About Rotana
Rotana at present manages a portfolio of over 100 properties all through the Center East, Africa and Turkey, with an aggressive enlargement plan in place. Rotana has chosen to acknowledge how valuable time is by making all time spent of their vary of lodges ‘Treasured Time’. This implies Rotana has pledged to grasp and meet the person wants of all friends. In so doing, Rotana has advanced its product manufacturers to incorporate, Rotana Accommodations & Resorts, Centro Accommodations by Rotana, Rayhaan Accommodations & Resorts by Rotana, Arjaan Lodge Residences by Rotana and The Residences by Rotana. Treasured Time. The Rotana promise to you.
Additional data on any Rotana property, its manufacturers or reservations could be obtained by visiting rotana.com or by contacting one of many regional gross sales places of work.
