MILLENNIUM & COPTHORNE INCREASES SAUDI ARABIA PIPELINE WITH THE SIGNING OF FOUR HOTELS
Millennium & Copthorne reinforces its position as one of the fastest growing hotel companies in the GCC with over 10,000 keys in the pipeline
June 2015, UAE: Millennium & Copthorne Hotels, Middle East and Africa (MEA) announces the signing of four hotels in Saudi Arabia with Taiba Holding Company (Taiba). With up to 20 high profile properties set to open across Saudi Arabia over the next five years, the agreement is part of the Group’s strategic expansion plan with over 10,000 keys in the pipeline.
A leader in global hospitality, Millennium & Copthorne’s rapid expansion will begin with the takeover of two existing operations in the Holy City of Madinah. The 208 key Millennium Taiba Hotel Madinah and 484 key Millennium Al Aqeeq Hotel Madinah are both conveniently located close to the Prophet’s Mosque and will serve the rapidly growing religious tourism market. A further property, the 299 key Grand Millennium Hotel Madinah is set to open in 2018 and will be situated in a prime location on King Faisal Road, walking distance from the Holy Haram.
In addition, the Group will be bringing the iconic Biltmore brand to Riyadh in 2018. Reimagined and reinvented for the 21st century, the opening will follow the launch of the Biltmore Bateen Marina Abu Dhabi, the first outside of Los Angeles, California and due to open in 2017. Drawing on the timeless elegance and glamour of the original Biltmore, the 265 key hotel will offer unparalleled luxury and opulence alongside high-quality amenities that are set to appeal to the market.
Mr. Ali Hamad Lakhraim Alzaabi, President and CEO Millennium & Copthorne MEA says; “We are delighted to enter into a partnership with Taiba Holding Company. We believe in working with strong developers and in Taiba we have one of the most recognised and respected corporations in the region. This agreement is just the start of an extensive expansion within the Kingdom and across our entire brand portfolio, which covers not only the Holy Cities of Makkah and Madinah but also extends across the Kingdom into locations in the North, South and Western Provinces.”
Mr. Adel Mohammed Saad Al Zaid, Managing Director & CEO Taiba Holding Company comments; “We are pleased to enter into an agreement for these four hotel projects with a global hotel operator such as Millennium & Copthorne. With international expertise and a sound understanding of the local market, we believe that Millennium & Copthorne will ensure the success of our properties in the Holy City of Madinah and in Riyadh. We look forward to a long term and fruitful relationship.”
Alzaabi continues; “We have already seen significant and sustained growth of religious tourism in Saudi Arabia and are confident that the combination of prime locations and international hospitality standards will ensure the strong performance of the properties in Madinah. We are also excited to bring our iconic Biltmore brand to the Kingdom and believe that with a unique luxury offering and bespoke service it will thrive in this market.”
About Millennium & Copthorne Hotels PLC
Millennium & Copthorne Hotels PLC is a dynamic, global hotel company, which owns, asset manages and/or operates over 120 hotels worldwide. With almost 40,000 rooms worldwide, the company is present on all continents with a portfolio of brands which serve different market segments, representing quality and value in every class.
From a single property in Abu Dhabi, Millennium & Copthorne, Middle East & Africa has expanded into various neighbouring destinations and is now recognised as one of the fastest growing regional hotel management companies in the Middle East & Africa. Along the way, the company has cultivated partnerships with reputable and respected owners. Millennium & Copthorne currently operates 22 hotels, has over 10 hotels due to open within the next year and aims to operate 50 properties within the next three years for the MEA region.