Accor and Erth Real Estate announce 3 new luxury hotels for luxury destination in Riyadh
Accor today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project.
The forthcoming luxury hospitality community will include a 230-key Raffles hotel, a 250-key Sofitel Serviced Residence, and a 60-villa MGallery resort, all set to open by 2027. The multi-faceted community will also include office towers, residential towers, and retail space, all built around a centrally located garden area.
The world-leading hospitality group is launching the project in partnership with Erth Real Estate Company, the premium real estate developer across Saudi Arabia and owner of the 4.2 billion Saudi Riyal mixed-use project at Al Yasmin District. Accor will provide hotel management services and support from several brands within its world-leading brand portfolio.
Raffles Riyadh and Sofitel Extended Stay at Al Yasmin District will reside within sparkling glass, 34-storey and 42-storey towers, creating an iconic presence in the city’s skyline. Conveniently located just 18 minutes from King Khalid International Airport by car, the towers will have a clear view of KAFD, New Murabba, Avenues Mall, SAB Tower and Tamkeen Tower. Ample green space, including lush gardens, will also surround both buildings.
MGallery Resort Riyadh, only 20 minutes away from Riyadh city centre, will be developed in the Al Waseel district, where some luxury private resorts are located. The hotel will be situated in a wadi surrounded by date farms. With 60 low-rise villas, it will be an ideal attraction for families and guests looking for a break from the busy city centre and immersion into a vibrant neighbourhood of Riyadh.
Speaking at the signing event, Group Managing Director of Erth Real Estate Saud Abdullah Al Rajhi commented: “The company’s vision of becoming a preferred real estate brand in Saudi Arabia is fully aligned with leading first-class projects that meet market expectations and unleash the economic potential of the Kingdom. Therefore, Erth is pleased to expand its relationship with Accor by adding new assets to our hospitality portfolio.
Erth’s new luxury hotels in Riyadh are being imagined by some of the world’s top designers. The lead architect is Foster + Partners, a global studio for sustainable architecture, urbanism, engineering, and design, founded by Norman Foster in 1967. With offices across the world, the practice works as a single entity that is both ethnically and culturally diverse. Additional consultants will provide expertise on spa, art, technology, and food & beverage.
