Saudi Real Estate signs agreements with Starwood Hotels
Saudi Real Estate Company (Al-Akaria) has announced it had signed a number of agreements with Starwood Hotels and Resorts Worldwide for the operation and management of two hotels. One will be in Riyadh, to be developed into a five-star hotel, built over a land area of 25,000 sqm and the other will be a four-star hotel. The duration of the agreement is 25 years. (Tadawul)
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