Fairmont opens hotel in Riyadh

Fairmont Hotels & Resorts and Business Gate have announced the signing of their agreement for Fairmont to manage a new 287-room luxury hotel and 4,000-square-metre 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.