Cayan Group signs deal for second Hampton by Hilton at NEOM
Cayan Group, a leading real estate investment and development company in the Middle East, has signed an agreement with Hilton to open a new Hampton by Hilton property at NEOM Community, part of the giga project spanning 26,500 square kilometres in northwest Saudi Arabia. The new property will be the second Hampton by Hilton property there, as Cayan Group builds upon an existing partnership with NEOM. A signing ceremony between Cayan Group and Hilton for the second Hampton by Hilton took place at the International Hospitality Investment Forum (IHIF) 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 NEOM 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.
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Ahmed Alhatti, chairman of Cayan Group, said, “Further to the recent opening of Hampton by Hilton Sharma at NEOM’s Community site, we are excited to continue with our participation of being part of this visionary and unique project alongside Hilton, our globally recognised hospitality partner. We believe in the vision of His Royal Highness Mohammed bin Salman, Crown Prince and Prime Minister, 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, Hilton’s vice president of development, Middle East & Africa, 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 longstanding 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 centre around sustainability while deploying energy efficient systems. As NEOM moves forward to meet its ambitious targets, developing liveability options is an important milestone to fulfil the needs of visitors.
Cayan Group signs deal for second Hampton by Hilton at NEOM
Cayan Group signs deal for second Hampton by Hilton at NEOM
Cayan Group signs deal for second Hampton by Hilton at NEOM
Cayan Group signs deal for second Hampton by Hilton at NEOM
Cayan Group signs deal for second Hampton by Hilton at NEOM
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