Posts Tagged With: Saudi Arabia

Kempinski to open nine hotels this year

Kempinski Hotels is set to open nine new properties this year — including two in Saudi Arabia and one in Egypt — as part of the group’s expansion strategy in the Middle East.

The Kempinski Al Othman Hotel in Al Khobar and the Kempinski Hotel Burj Rafal in Riyadh are both scheduled to open before the year ends, along with the Kempinski Hotel Royal Maxim Cairo in Egypt. Another hotel, the Kempinski Hotel in Jeddah, is scheduled to open in 2015.

The luxury hospitality group sees the region as a key growth area and an important market for outbound tourism to its properties across the world.

“The Kempinski Hotel Royal Maxim will predominately cater to corporate and Mice [meetings, incentives, conferencing and exhibitions] business, as well as major social events as it will have the largest pillar-less ballroom in Cairo. It will be our second hotel in Cairo and it is located in New Cairo, which is close to Cairo International Airport and the American University of Cairo,” said Avsar Koc, Kempinski regional sales director for India, Middle East and Africa.

Kempinski Nile Hotel CairoPhoto: Kempinski Nile Hotel

Kempinski Nile Hotel Cairo
Photo: Kempinski Nile Hotel

Kempinski Nile Hotel

Kempinski Nile Hotel

 

Enhanced by strong growth in the Middle East, Africa, and South-east Asia, Kempinski was able to increase its room revenue by 21 per cent in tandem with a 17 per cent increase in total room nights sold globally. The region contributes almost a third of the revenues for the company, which currently operates a total of 75 five-star hotels in 30 countries. Kempinski returned to Jeddah this week with its seventh annual Middle East Road Show, where they revealed that the group had achieved its best financial results in its history in 2012, with revenues reaching €1.1 billion.

“We have turned Kempinski around from an almost-bankrupt business into a rock-solid one with an equity ratio of well over 40 per cent. With a revenue of €1.1 billion, our hotels passed the billion mark for the first time last year,” said Reto Wittwer, chief executive of Kempinski Hotels.

“As a hotel operator, this makes us a strong and reliable partner for hotel investors and owners. We will continue to plan and work on a long-term basis… Our success proves we are on the right track.”

The Middle East remains a key feeder market for Kempinski hotels in Europe and Asia, such as the Hotel Vier Jaherszeiten Kempinski Munich, the Kempinski Grand Hotel des Bains St Moritz, the Ciragan Palace Kempinski Istanbul, and the Siam Kempinski Hotel Bangkok. Likewise, hotels such as Emirates Palace in Abu Dhabi and Kempinski Hotel Mall of the Emirates in Dubai remain popular with Middle East guests.

The Kempinski Al Othman Hotel in Al Khobar will have 141 rooms, 57 suites and 20 serviced apartments. The Kempinski Hotel Burj Rafal will be located in Saudi Arabia’s tallest tower and upon completion will boast 300 luxury guest rooms and suites. The Kempinski Hotel Royal Maxim Cairo in Egypt will feature 248 rooms and suites.

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Categories: Arab Gulf, Cairo, Egypt, Hotels, Uncategorized | Tags: , , , , , , , , , , , | 1 Comment

A New Hotel to open by the Nile in 2016

The Saudi Egyptian Construction Company (SECON) signed recently a management agreement with Hilton Worldwide for its new hotel in Maadi. Hilton international will carry on management of “Hilton Cairo –Nile Maadi hotel’’ upon the completion of the construction.

SECON has designed an hotel that meets the interest of business community as it comprises  a total capacity of 257-rooms along with a 400 square meters conference hall,  two smaller halls, and three meeting lounges and an access to a 24-hour business center. The hotel will also feature a large lobby, spa, swimming pool, two restaurants, and a business lounge.

SECON officials signing the agreement with Hilton Worldwide

SECON officials signing the agreement with Hilton Worldwide

“This is the first Egyptian-Saudi project of its kind. It will endorse commitment and will enhance economic ties between Egypt and Saudi Arabia,” said Engineer Darweesh Hasanein, chief executive officer of SECON. Hasanein added that the agreement is mainly driven by SECON strong confidence in Egypt’s Economic fundamentals and its ability to attract foreign direct investment.  He also emphasized the intention of Saudi Arabia to increase its investments in Egypt to support the economic growth in Egypt despite the economic and political instability that Egypt faces during this transition period.

Combining collective international, regional and local experts, the new hotel will be managed by, the premium brand, Hilton Worldwide. Hilton International will be managing the project until completion. An Egyptian-Emirati contractor alliance of Arabitiec-Siak and Egyptian consultant EHAF Consulting Engineers will supervise the project, while Egyptian designer Space Consulting Engineers is carrying out the full design for the project.

Construction period is scheduled to be 36 months, starting from February 2013 and will be completed by the beginning of 2016.

Officials of SECON company and Hilton Worldwide

Officials of SECON company and Hilton Worldwide

Hilton Cairo- Nile Maadi Hotel will support the Egyptian local economy and will increase employment rate by creating 2000 new job opportunities in the market.

Rudi Jagersbacher, president middle east area, Hilton Worldwide, expressed great enthusiasm regarding signing this agreement with SECON, which is a significant part of Hilton Worldwide expansion strategy in Egypt. “This encourages us to pursue our hospitality services to all travellers coming to Egypt,” he said.

Categories: Arab Gulf, Cairo, Egypt, Hotels, Uncategorized | Tags: , , , , , , , , , , , , , | Leave a comment

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