SHUAA Capital, Rotana open Centro Waha Riyadh hotel

11/10/2017 Argaam

 

SHUAA Capital Saudi Arabia and Abu Dhabi-based hotel chain Rotana have opened Centro Waha Riyadh Hotel, according to a company statement on Wednesday. 

 

The 290-room project was developed by the sharia-compliant SHUAA Saudi Hospitality Fund I, under the Centro by Rotana brand in the Saudi market.

 

The hotel is SHUAA Capital and Rotana’s fourth property in the Kingdom following the opening of the Centro Shaheen in Jeddah.

 

“Business travel and accommodation for the budget-conscious executive is an increasingly important market, and the Centro concept is specifically designed to cater to this rapidly expanding market,” Omer Kaddouri, president and chief executive of Rotana, said in the statement.

 

Rotana currently operates more than 1,200 keys in the Saudi hospitality market, in addition to 880 hotel keys under development.

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