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FINANCIAL NEWS
Hilton to manage two Saudi hotels
13 Aug 2010
(MENAFN) Hilton Worldwide, the hospitality company with a portfolio of more than 3,500 hotels in 81 countries, has signed a management agreement with Saudi Arabia’s King Saud University Endowment, Saudi Gazette reported.
According to the agreement, Hilton will manage the 241-room Hilton Riyadh King Saud University and the 155-room Hilton Riyadh King Saud University Residence. Both expected to open by 2012.
The cross-selling opportunities with our six existing hotels in Makkah, Madinah, Jeddah and Riyadh are tremendous, Hilton said.
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