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FINANCIAL NEWS
Four Seasons to set up additional 3 hotels in Saudi Arabia
18 Apr 2013
(MENAFN) Four Seasons EMEA president, Christopher Norton, stated that over the coming 5 years, the hotel operator will increase the number of its properties in Saudi Arabia to 4, reported Arabian Business.
The luxury hotel brand, which at the current time runs only one hotel in the Kingdom, in Riyadh, is 47.5-percent owned by Kingdom Holding, the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal.
Norton added that one of the three new properties will be located in Jeddah; however, Four Seasons is still in talks to decide where to set up the other 2 resorts.
It is worth noting that Four Seasons, which operates 89 properties globally, is setting up its first 237-room resort in the UAE.
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