EXTENDING its commitment to the Saudi Arabian hospitality market, Coral Hotels & Resorts has entered into an agreement with Al Fanar Group to manage the company’s new hotel in Jeddah, the Red Sea city.
Currently under construction, the property, located at the prestigious Jeddah Corniche, will open early in 2011. Coral Jeddah will feature 54 rooms, eight suites and eight studio apartments as well as two restaurants, a rooftop café and three function rooms, a health club and a pool.
Coral’s massive expansion in Jeddah is the result of a development strategy that will see the group spread its presence throughout Saudi Arabia, where it currently operates several hotels including two in Riyadh and one each in Al Khobar and Al Ahsa. The group also signed management contracts for two additional Coral hotels in Saudi Arabia at Arabian Travel Market earlier this year.
According to Michel Noblet, president and CEO of Coral’s parent company HMH – Hospitality Management Holdings: “The government investment in infrastructure has given a tremendous boost to domestic tourism as well as Haj and Umrah travel. In addition, increasing business travel has opened up extensive opportunities across the entire spectrum of the hospitality sector.”