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FINANCIAL NEWS
Rotana to open new hotels in KSA at USD130mn worth
09 Feb 2017
(MENAFN) Rotana, one of the main hotel management firms in the MENA region will open 4 new hotels in KSA this year as it continues to look to markets in the GCC to drive business growth.
Meanwhile, all four of the coming Rotana properties in the kingdom will be under the firm’s affordable lifestyle hotel brand “Centro by Rotana.”
Centro Waha, Riyadh will open in Q2 of this year and Centro Salama, Jeddah will open in Q3, while the remaining 2 properties will open in Q4, which will cost USD130mn.
Moreover, the Saudi government recognizes the crucial role that tourism can play in driving the nation’s economy away from oil dependency and achieving sustainable growth.
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