Hilton Signs New DoubleTree by Hilton Jeddah Al Andalus Mall

Hilton | April 17, 2023

JEDDAH, Kingdom of Saudi Arabia – Hilton (NYSE: HLT) today announced the signing of a management agreement for a new hotel in Jeddah. The hotel is owned by AlAhli REIT Fund (1), a listed investment fund managed by SNB Capital. In the coming years, Hilton expects to grow its portfolio in Saudi Arabia to more than 75 hotels across multiple award-winning brands. “Saudi Arabia represents a significant opportunity for Hilton to grow its portfolio and, with the announcement of this DoubleTree by Hilton property in an exceptional location, we look forward to further expanding our full service footprint across the country,” said Carlos Khn...