Rotana Hotels has signed a partnership with Damac Hotels and Resorts to handle its luxury hotel apartments in Saudi Arabia.
According to the deal that was signed at the Arabian Travel Market, the hotel apartments that have been furnished by Fendi Casa will be operated under the Arjaan Hotel Apartments by Rotana.
Talking about this partnership deal, Ali Sajwani, General Manager of Operations at DAMAC, said, “Our partnership with Rotana will help us realise our vision of offering unrivalled investment opportunities in the hospitality industry. The Kingdom sees continued growth in the travel sector, which is driven primarily by leisure, pilgrim, and corporate visitors, and we are confident that this partnership will translate to renewed value for investors and differentiated experiences for our guests.”
Damac Towers Arjaan by Rotana, Riyadh is the first property to be included in the agreement and comprises two towers that offer deluxe serviced apartments and a collection of penthouses.
Acting CEO of Rotana, Guy Hutchinson, added, “We are proud to be signing this agreement with DAMAC and to be participating in the Kingdom’s development journey towards Vision 2030. The partnership confirms our commitment to achieving the goals of the National Transformation Program 2020, which entails the activation of the Kingdom’s regional and global role as a commercial and economic centre, as well as a destination for tourists and investors alike.”