Hilton (NYSE: HLT) announced it has signed two hotels under its flagship Hilton Hotels & Resorts and lifestyle Canopy by Hilton brands in Abha city s iconic The Point development. The properties have been signed with Red Sea Aseer Fund, a fund made up of unitholders from Red Sea Markets and the Tourism Development Fund, and a project developed by SEDCO Development and managed by Saudi Fransi Capital. The announcement follows the signing of Hilton´s Memorandum of Understanding with the Saudi Tourism Development Fund to develop iconic leisure tourism destinations in Saudi Arabia.
Hilton plans to more than quadruple its presence in Saudi Arabia journaldespalaces.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaldespalaces.com Daily Mail and Mail on Sunday newspapers.
As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton has accelerated its growth strategy in Saudi Arabia in recent years, announcing multiple signings as the company works towards its plans to increase its portfolio to more than 75 trading properties across the country.
Article - Hilton to Bring Its Hilton Hotels & Resorts and Canopy by Hilton Brands to Abha City, Saudi Arabia - Hilton has signed two new properties to open in 2026 under its Hilton Hotels & Resorts and Canopy by Hilton brands: Hilton The Point Residences and Canopy by Hilton The Point
Article - Hilton Plans to More Than Quadruple Its Presence in Saudi Arabia - As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the companys largest pipeline market in Europe, the Middle East and Africa (EMEA).