Fairmont Hotels & Resorts has concluded an agreement, according to which the company will operate a brand new hotel in Riyadh, Saudi Arabia, that is scheduled for opening in 2012.
This 287-key property is referred to a luxury segment and will be opened in Business Gate – a huge project with mixed-use that will combine a business center, corporate offices and a hotel. This is going to be “a city within a city” as the square of this complex is really huge and it may become of the main business centers of the capital of Saudi Arabia and the country in general. Fairmont Riyadh is primarily dedicated to business visitors and will dedicate 4,000 sq. m to meeting space. On the territory of the hotel in Saudi Arabia will be also located several boardrooms, and 2 ballrooms.
As Chris Cahill, the president of Fairmont Hotels & Resorts, mentions, the company is happy to add this amazing hotel in its portfolio. Currently Riyadh is a fast developing place and its power as a financial and a business center only grows, so Fairmont hotel in Business Gate will surely help to strengthen positions of the hotelier in this region.