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Al-Akaria – Element Riyadh Hotel – Saudi Arabia - Project Profile

Al-Akaria – Element Riyadh Hotel – Saudi Arabia - Project Profile

Synopsis

"Al-Akaria – Element Riyadh Hotel – Saudi Arabia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Al-Akaria – Element Riyadh Hotel – Saudi Arabia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Saudi Real Estate Company (Al-Akaria) is planning to build a four-star hotel in Al-Aqeeq District, Riyadh, Saudi Arabia.

The project involves the construction of a four-star hotel comprising 244 studios and one- and two-bedroom suites. It includes the construction of a spa, a gym, a swimming pool, an all-day dining restaurant, parking and related facilities.

In November 2015, Al-Akaria signed a letter of intent with Starwood Hotels & Resorts Worldwide, Inc (Starwood).

In June 2016, Al-Akaria signed a management contract with Starwood which will operate and manage the hotel under its Element brand.

Planning activities are underway.

Project is expected to complete by 2022.

Scope

The Element Riyadh involves the construction of a four-star hotel comprising 244 studios and one- and two-bedroom suites in Riyadh, Saudi Arabia.

The US$80 million project includes the following:

1. Construction of a spa

2. Construction of a gym

3. Construction of an all-day dining restaurant

4. Construction of a swimming pool

5. Construction of parking facilities

6. Construction of related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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