Kempinski Hotels has inked a new management agreement for a prestigious luxury hotel in Riyadh, the capital of the Kingdom of Saudi Arabia.
The five-star Kempinski Al Qeshan Hotel is being built in a prime location in the heart of the Al Olaya business district on the famous King Fahad Road – home to banks, elegant restaurants and fine boutiques.
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Kempinski Al Qeshan Hotel will feature 150 rooms and suites, as well as 10 serviced apartments. The 35-storey property will offer dedicated floors for a ladies and a mens’ spa, two high-class restaurants, a rooftop lounge with terrace and pool, and is slated to debut in approximately four years.
Bernold Schroeder, Chief Executive Officer Kempinski Group and Chairman of the Board Kempinski AG said: “The country’s financial capital signifies an important step in our growth plans in the Kingdom. Following other projects in our development pipeline in Al Madinah, Makkah and Yanbu, as well as our already successfully operating Kempinski Hotel Al Othman in Al Khobar, we look forward to welcoming guests to the capital of Saudi Arabia in the future.
“We foresee an increasing demand for business travel as well as a growing appetite for leisure retreats in 5-star hotels, all aligned with the Kingdom’s Vision 2030, which is to attract 100 million annual visitors by 2030,” Schroeder said.
Businessman and property owner Sheikh Abdul Kareem Abdullah Al Qeshan said, “In expanding and diversifying my investments by building a five-star luxury hotel, I am keeping the pace of the Kingdom’s renaissance and its Vision 2030 led by His Royal Highness Prince Mohammed bin Salman.”
Lead image: Signing ceremony of Management Agreement for Kempinski Al Qeshan Hotel Riyadh | Bernold Schroeder and Sheikh Abdul Kareem Abdullah Al Qeshan