Blacksand and Marriott International announced the signing of a milestone agreement to develop ten hotels, representing over 1,300 rooms, in the Kingdom of Saudi Arabia over the next four years. The multi-brand deal establishes a long-term collaboration between both companies to deliver projects aligned with the country’s evolving tourism and urban development ambitions. Landmark Deal Highlights - Partnership: Blacksand and Marriott International signed an agreement to develop 10 hotels in Saudi Arabia. - Scale: The projects will add over 1,300 rooms across multiple cities, with phased openings through 2030. - Brands Included: St. Regis, Marriott Hotels, Autograph Collection, Moxy, Courtyard, Residence Inn, and Apartments by Marriott Bonvoy. - First Opening: Expected in Riyadh. - Employment Impact: More than 6,000 full-time roles, with at least 60% allocated to Saudi Nationals. Strategic Importance - Supports Saudi Arabia’s tourism and urban development goals. - Strengthens Marriott’s portfolio diversification in the Middle East. - Blacksand positions itself as a major player in real estate and hospitality development. Leadership Perspectives - Omar Alabdullatif (Blacksand CEO): Called it a “defining milestone” and emphasized ambition and quality. - Jerome Briet (Marriott International CDO, EMEA): Highlighted Marriott’s focus on delivering diverse hospitality experiences aligned with Saudi priorities.
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