RIYADH, SAUDI ARABIA March 8th, 2023 – Ennismore, the fastest-growing lifestyle hospitality company, signed an agreement with Olayan Financing Company (OFC) today to launch the first Mondrian hotel development in Saudi Arabia, Mondrian Riyadh Al Malga. Set to open in 2026, Mondrian Riyadh will also be Ennismore’s first hotel in the capital, making it a significant milestone for the company’s growth in the region.
Mondrian Riyadh Al Malga Hotel and Residences will boast 200 keys, including 130 standard rooms and suites, with 25 one-bedroom, 35 two-bedroom, and ten three-bedroom serviced apartments. The hotel will pioneer innovative culinary and mixology experiences in the Kingdom with three new restaurants and lounges by Ennismore’s in-house F&B concept studio, Carte Blanched. It will also be home to generous event spaces and state-of-the-art social wellness spaces, paving the way for Mondrian’s progressive programming.
Defined by ground-breaking design, Mondrian’s big imagination will be brought to life in Riyadh by visionary designer and international award-winning interior architect Tristan Di Plessis, whose portfolio includes some of the most spoken-about hospitality destinations around the world. The hotel and development will be LEED (Leadership in Energy and Environmental Design) Certified – constructed with a focus on energy savings, water efficiency, reduced carbon emissions, and improved indoor air quality.
Mondrian hotels are always at the heart of the world’s most exciting cultural scenes. The Mondrian Riyadh Al Malga Hotel and Residences will be developed as part of the mixed-use Al Malga Urban Village, with residents and visitors alike able to enjoy the vibrant boutique retail, dining, entertainment, and leisure scene. Located in the northern part of Riyadh, the Al Malga neighborhood is at the entrance of the recently announced 400-meter-high cube-shaped skyscraper Mukaab as part of the capital’s Murabba downtown plan. The incredible development will be a tourism and cultural destination, including entertainment, dining, and retail, and will have an almost full-height atrium space that will contain a spiraling tower. The new Mondrian will also benefit from easy access to Boulevard Riyadh, home to high-profile events and concerts, Najd Village, and King Abdullah Financial District, allowing guests to fully immersive themselves in the culture of the city.
Nabeel Al-Amudi, CEO of Olayan Financing Company, commented: “We are delighted to team up with Ennismore for this exciting project, which will bring one of the world’s most sought-after hospitality brands to the Kingdom. Our partnerships with leading global players come as part of OFC’s long-term strategy to meet the evolving needs of residents and tourists in Saudi Arabia and support the Kingdom’s journey toward achieving the goals of Vision 2030, the wise leadership’s roadmap to sustainable prosperity.”
Gaurav Bhushan, Co-CEO of Ennismore, said: “We are excited to be partnering with Olayan Financing Company to bring the first Mondrian Hotel and Residence to Saudi Arabia and the first Ennismore property to the country’s capital, Riyadh. Mondrian Riyadh Al Malga will bring the city a unique lifestyle and hospitality experience. We look forward to raising the bar as a cultural and gastronomic destination for discerning travelers and locals alike.”
Mondrian’s global expansion shows no signs of slowing down with a pipeline of 17 hotels and branded residences, including upcoming openings in Singapore, Hong Kong, Bordeaux, Ibiza, Cannes, Dubai, Gold Coast Australia, and Abu Dhabi, adding to its existing portfolio of seven open hotels including Mexico City, London, LA, and Doha.
Lifestyle is one of the fastest-growing segments of the hospitality industry, and Ennismore is leading the way with its collective of 14 brands representing over 100 operating hotels, with a further 140+ in the pipeline and more than 190 restaurants and bars. In 2023, Ennismore is set to open nearly 30 hotels, including Maison Delano Paris, France; Mama Shelter, Rennes, France; SO/ Uptown Dubai, UAE; 21C Museum Hotel St. Louis, USA; TRIBE Bangkok, Thailand; The Hoxton, Charlottenburg, Germany and Hyde Ibiza, Spain. In addition, Ennismore’s expansion in the Middle East continues to be strong, adding to its existing five hotels and branded residences – including 25hours Dubai, SLS Dubai, and Hyde Dubai – a pipeline of over 20 properties featuring Mama Shelter Dubai, SLS Red Sea and 25hours Trojena.
Olayan Financing Company (OFC) is the owner of Mondrian Riyadh Al Malga. Looking to build on their unique and strategic partnership, Ennismore and OFC are jointly planning future projects to bring more Ennismore lifestyle brands to the Kingdom of Saudi Arabia.
