https://arab.news/8kw52
Cayan Group, a leading real estate investment and development company in the Middle East, is continuing its partnership with NEOM, a giga-project spanning 26,500 square kilometers in northwest Saudi Arabia — for a second Hampton by Hilton at NEOM Community. A signing ceremony between Cayan Group and Hilton for the hotel took place at the International Hospitality Investment Forum in Berlin, in the presence of Hilton’s President and CEO Chris Nassetta and Cayan Group’s Chairman Ahmed Alhatti.
Under the agreement, Cayan Group will fully fund and develop a 201-key Hampton by Hilton situated at the NEOM Community to meet the rising construction demand — a critical component to further progress earthworks at the site. With construction soon starting, the Hilton-managed hotel is expected to open at the beginning of 2025. The hotel will be the second property for the brand at NEOM Community, delivering the seamless experience and thoughtful amenities and interiors that the Hampton by Hilton brand is known for.
Alhatti said: “Further to the recent opening of Hampton by Hilton Sharma at the NEOM Community site, we are excited to continue with our participation of being part of this visionary and unique project alongside Hilton, our globally recognized hospitality partner. We believe in the vision of Prime Minister and Crown Prince Mohammed bin Salman, and we remain focused to continue investing within NEOM projects and securing more opportunities in the future.”
Further to the success of the previous agreement, this is the second hotel project at NEOM to be fully funded by the private sector, and Cayan Group’s investment further highlights the private sector’s interest in Saudi Arabia.
Carlos Khneisser, vice president, development, Middle East and Africa, Hilton, said: “We’re delighted to be working again with Cayan Group to add another great Hampton by Hilton to our growing portfolio in Saudi Arabia. This signing asserts Hilton’s long-standing commitment to the growth of the tourism sector in the Kingdom, where we are working with both public and private sector partners to respond to the rising demand for hospitality brands and expect to quadruple our presence in the coming years.”
The hotel’s flexible design and construction will center around sustainability while deploying energy-efficient systems. As NEOM moves forward to meet its ambitious targets, developing livability options is an important milestone to fulfill the needs of visitors.