June 15, 2024

Red Sea Development Company adds three global luxury hotel brands

The Red Sea Development Company (TRSDC) announced at the Future Hospitality Summit in Riyadh that three new hotel management agreements have been signed with international hotel brands to operate resorts in the first phase of development at The Red Sea Project. Among them are Ritz Carlton Reserve and Miraval hotels – the first to operate in the Middle East – as well as Rosewood, a global luxury hospitality group.

Red Sea Development Company adds three global luxury hotel brandsTwelve global hospitality brands have now been confirmed to participate in the Red Sea Project. This demonstrates the industry’s confidence in the project and the willingness of global companies to participate in the Saudi tourism market’s expansion. The future of tourism in the Kingdom looks bright with two new brands entering the region,” said TRSDC CEO John Pagano. “With our collection of globally renowned and respected partners, we are excited to be able to play our part in opening up this unique and undiscovered part of the world and setting new benchmarks for sustainable development”, he added.

The Ritz Carlton Reserve is located on the idyllic Ummahat Islands, while Miraval and Rosewood are located on Shura Island, the resort’s main hub. There are nearly 500 hotel keys in the newly acquired collection of hospitality brands, out of the total of 3,000 planned for Phase One. The luxury hotel companies join a stellar line-up of globally renowned brands that have already confirmed they will operate at The Red Sea Project, including EDITION Hotels and St Regis Hotels & Resorts, part of Marriott International; Fairmont Hotel & Resorts, Raffles Hotels & Resorts and SLS Hotels & Residences, part of global hospitality group Accor; Grand Hyatt, part of Hyatt Hotels Corporation; Intercontinental Hotels & Resorts and Six Senses, part of IHG Hotels & Resorts; and Jumeirah Hotels & Resorts.