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FINANCIAL NEWS
Cristal to operate 3 hotels in Saudi Arabia
25 Jun 2012
(MENAFN) Cristal Hotels and Resorts inked deals to manage three hotels in Saudi Arabia, as the hotelier embarks on a long-term expansion drive in key markets across the Middle East, Arabian Business reported.
The company also announced the establishment of its subsidiary Cristal KSA, which will operate the Cristal Siyaha Hotel, which will open early 2013 in Riyadh, Cristal Amaken Hotel, which will open in 2014 in the 2nd Industrial City in Riyadh and Cristal Himmah Hotel, which will open in 2015 in Dammam.
The new hotels will collectively add more than 600 hotel rooms to the Gulf Kingdom’s booming hospitality market.
The group said it is currently managing two hotels in Abu Dhabi, the Cristal Grand Kadri Hotel in Lebanon and the Cristal Itsandra Beach Hotel in Comoros, which are currently undergoing refurbishment, and will be operational by the end of 2012.
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