Highlights
Hilton, Alshaya Group ink deal to develop 70 hotels across MEA
Hilton and Kuwait-based Alshaya Group have signed an exclusive master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries with most of them being in the Middle East, North Africa, Turkey and Russia, a press release said recently.
The first hotel is expected to open in Kuwait in 2021. The Alshaya group is expected to deliver another 50 hotels in the next eight years with 20 more in the development pipeline, the release added.
Speaking on this partnership, Chris Nassetta, President and CEO of Hilton expressed his delight and said that this not only strengthens their partnership but also expands the global Hampton by Hilton portfolio. “Alshaya has been an important partner, particularly as we celebrate 100 years of pioneering the hospitality industry this year, and we look forward to working together to introduce travellers to Hampton by Hilton in these high-growth destinations,” he said.
According to Mohammed Alshaya, Executive Chairman of Alshaya Group, there is a growing demand for top-notch accommodation in the region and Hampton by Hilton brand has the potential to fill that gap. He added, “This is an important new partnership for Alshaya, further diversifying our offer to consumers, and allowing us to replicate the global success of Hampton by Hilton in our operating markets.”
-
Economy2 months agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
Magazines2 months agoOER May 2026 Edition: The Digital Copy
-
News4 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment1 month agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News1 month agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
Magazines2 months agoSignature Oman: May 2026 Edition
-
Banking & Finance1 month agoSohar Islamic Launches Exclusive Infinite Credit Card for HNWIs in Oman
-
Economy1 month agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price

You must be logged in to post a comment Login