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Fairmont to Open in Riyadh, Saudi Arabia

Monday, February 28, 2011
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Fairmont Hotels and Resorts
Fairmont Hotels and Resorts

Fairmont Hotels & Resorts ("Fairmont") and Business Gate announced the signing of their agreement for Fairmont to manage a new 287-room luxury hotel and 4,000 square meter convention centre in Riyadh, Saudi Arabia slated to open late 2012.

Located just north of the city, Fairmont Riyadh, Business Gate will be part of a new mixed-use development project comprising the hotel, a convention centre and commercial real estate space that will house multinational corporations as well as regional companies. The destination is a growing business area, with a number of new developments including the King Abdullah Financial District, Princess Nora University and Hospital, Riyadh Technology Park and Financial District, all projected to open over the next few years.

The hotel will feature 287 spacious guestrooms, including Fairmont Gold. Guests will enjoy a selection of dining venues as well as spa and fitness facilities. The convention center comprises 4,000 square meters (39,500 square feet) of meeting and function space including two main ballrooms offering 1,500 square meters each. In addition, groups will have access to a number of smaller conference and board rooms, some with private break-out spaces, complimented by a conference service team ready to manage any size event as befits Fairmont's 100-year old history of hosting political figures, community and industry leaders alike for legendary events.

"Riyadh is currently undergoing tremendous development, becoming a key financial and business destination for not only Saudia Arabia, but the Middle East," said Chris Cahill, President, Fairmont Hotels & Resorts. "The influx of both public and private investment is creating a great opportunity for business and leisure travel, and Fairmont Riyadh, Business Gate will be an exciting addition to our own brand's growth in the region."

"Business Gate is the Kingdom's first unique business complex," stated Mohammed Al Dhabban, Managing Director and Legal Advisor, Business Gate. "We have established a dedicated city within a city, specifically designed to meet corporate and commercial business needs for both regional and multi-national businesses and promote economic growth. Fairmont's expertise in the meetings arena adds great value to our product."

Fairmont Riyadh, Business Gate is the most recent project to be announced by the brand in the region and joins Fairmont Abu Dhabi (2013); Fairmont Bab Al Bahr, Abu Dhabi, UAE; Fairmont Dubai, UAE; Fairmont Heliopolis, Cairo, Egypt; Makkah Clock Royal Tower, A Fairmont Hotel, Saudia Arabia; Fairmont Nile City, Cairo, Egypt; Fairmont Palm Jumeirah, Dubai, UAE (2012); Fairmont Mina al Fajer, Fujeirah, UAE (2012); Fairmont Towers, Heliopolis, Cairo, Egypt and Fairmont The Wave, Oman (2014).

ABOUT FAIRMONT HOTELS & RESORTS
Located in world-class destinations around the globe, Fairmont Hotels & Resorts is a celebrated collection of hotels that includes landmark locations like London's The Savoy, New York's The Plaza, and Shanghai's Fairmont Peace Hotel. With more than 60 hotels, Fairmont is known as much for its warm, engaging service and culturally rich experiences, as its classic hotels that imbue a sense of heritage, sophistication and social importance and are often considered destinations in their own right. A community and environmental leader, Fairmont is also regarded for its responsible tourism practices and award-winning Green Partnership program. Fairmont is owned by FRHI Holdings Limited, a leading global hotel company with over 100 hotels under the Fairmont, Raffles, and Swissôtel brands. The company also manages Fairmont and Raffles branded estates and luxury private residence club properties. For more information or reservations, please call 1-800-441-1414 or visit www.fairmont.com.

FRHI's majority shareholders include Voyager Partners Limited; Colony Capital and Kingdom Holding Company, chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.

Become a fan of Fairmont. Join our online communities at www.everyonesanoriginal.com, www.twitter.com/fairmonthotels, and www.facebook.com/fairmonthotels. For career opportunities, visit www.facebook.com/fairmontcareers.

ABOUT BUSINESS GATE
Business Gate is a planned commercial community resulting offering an 'all under one roof'' concept which adheres to its ideals of creating a healthy and progressive work environment which breeds success, efficiency and contentment.. Riyadh, the center of all business activities in the Kingdom of Saudi Arabia, benefits from zero government taxes, low inflation, a healthy and transparent regulatory system and globally accepted best practice standards. Just half a mile from King Khalid International Airport, Business Gate offers a dynamic, architecturally smart structure featuring an intelligent security system as well as extensive landscaping, including 2500 Palm trees, flower and water features. For more information, please contact us: P.O Box 33554 Riyadh 11458 – KSA - Tel: + 966 14 888 889 Fax: + 966 14 888 885 or visit: www.bg-sa.com.

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