Hyatt Affiliate Signs With Umm Alqura to Develop Grand Hyatt Branded Hotel in Makkah

Grand Hyatt | March 2, 2020

CHICAGO (March 2, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Umm Alqura for development and construction of a Grand Hyatt branded hotel in the Holy City of Makkah in the Kingdom of Saudi Arabia. Located in close proximity to the Grand Mosque, the hotel will be an integral component of the King Abdul Aziz Road (KAAR) mixed-use urban development project, designed to support one of the fastest-growing religious tourism markets in the world. “The Kingdom of Saudi Arabia is one of Hyatt’s prime focus areas within the Middle East," said Ludwig Bouldoukian,...