Hyatt House | Hyatt Centric Madinah KEC
Hyatt Signs Agreement with Knowledge Economic City for Two New Hotels in The Kingdom of Saudi Arabia
Scheduled for to be announced576 RoomsHotel website
Two Hyatt-branded hotels set to debut in Madinah as Hyatt House Madinah KEC and Hyatt Centric Madinah KEC.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Knowledge Economic City (KEC) for two new Hyatt-branded hotels, Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. Set to open in a highly anticipated development, Knowledge Economic City in Madinah, the properties will add a combined 576 keys to Hyatt's portfolio in the Kingdom of Saudi Arabia (KSA). Further signaling Hyatt's commitment to the strategic growth of its portfolio in key markets that matter to guests and owners, Hyatt Centric Madinah KEC will mark the debut of the lifestyle brand, Hyatt Centric, in the Kingdom.
As the fourth largest city in the Kingdom of Saudi Arabia by population, which is expected to double in the next twenty years, Madinah plays a significant role in Saudi's Vision 2030 and the growing tourism sector in the country. The location of the KEC development project is unique in its direct connection with the five most important roads in Madinah and marks the KEC company as one of the leading developers in Saudi Arabia. KEC is set to develop a world-class destination that will offer residents and visitors of Madinah a lifestyle with integrated service, using technology and knowledge to link together the development's various components.
Hyatt House Madinah KEC will include 446 residentially-styled rooms, ensuring comfortable accommodation for all types of travelers looking for a home away from home. Hyatt Centric Madinah KEC will feature 130 modern rooms and suites with art and styling elements that celebrate the character of Madinah. The lifestyle hotel will seamlessly blend functionality with boutique charm, providing a local home-base for savvy travelers returning from city exploration. Once operational, each property will participate in World of Hyatt, the industry's fastest growing loyalty program, that offers over 44 million members the ability to earn a variety of benefits such as room upgrades, free nights, late checkout, bonus points and more.
The two Hyatt-branded properties will be part of Al Aliyah, the first phase of the newly developed city. Strategically located within the boundaries of the Madinah Sanctuary and the urban range of Madinah, the KEC project is conveniently situated on both sides of the main road linking the Prophet's Mosque and Prince Mohammad Bin Abdulaziz International Airport. Spanning an area of approximately 2.6 square miles (6.8 million square meters), KEC's unique location places it in direct connection with the five most important roads in Madinah. The development also connects to the Al Haramain High-Speed Railway, the milestone passenger railway serving the Islamic holy cities of Mecca and Madinah.
For information on the Hyatt brand portfolio, please visit www.hyatt.com.
For information on Knowledge Economic city, please visit www.madinahkec.com.
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
Madinah, Saudi Arabia
