Sunday 29 April 2012

Hilton raises Saudi stake with hotel expansion - The National

Hilton Worldwide plans to open nearly 7,000 hotel rooms in Saudi Arabia in the next two years, as operators focus on the kingdom amid continued difficult financing conditions in many other parts of the region and globally.

Hilton, which already manages six hotels in Saudi Arabia, announced at the Arabian Hotel Investment Conference, which ends today in Dubai, that it intended to open 14 additional hotels in the kingdom, in cities including Mecca and Riyadh, over the next two years.

The move would make it the fastest-growing hotel company in the country.

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