Grand Hyatt The Red Sea will form part of one
of the world's most ambitious tourism projects
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with The Red Sea
Development Company for a 430-room Grand Hyatt hotel on Shaura
Island, the hub of the ambitious Red Sea Project on Saudi Arabia’s
west coast. The luxury resort hotel will represent the largest of
11 hotels set to open on the island and will occupy a prime
position within this innovative tourist development. Grand Hyatt
The Red Sea will be the second Grand Hyatt hotel in the Kingdom and
the seventh Grand Hyatt hotel in the Middle East, marking an
important milestone in Hyatt’s growth strategy in the region.
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Slated to open as part of phase one of the Red Sea Project, the
property will be designed to reflect the bold and vibrant luxury
synonymous with the Grand Hyatt brand, featuring sophisticated
design, materials and decor inspired by the iconic elements present
in the destination. Grand Hyatt The Red Sea will feature a striking
architectural “coral bloom” design, a unique concept that resembles
a bloom of coral in the sea from above, that will offer a sense of
luxury that blends seamlessly with the natural environment. A
tasteful mix of suites and large standard rooms will provide guests
with a comfortable and upscale place from which to explore the
area’s diverse ecosystem and endless attractions. World-class food
and beverage venues and the wider amenities of the hub island,
which will include a marina and an 18-hole championship golf
course, will complete the luxury hotel experience within a
breathtaking setting.
Located in close proximity to the soon to be developed Red Sea
International Airport, Grand Hyatt The Red Sea will be easily
accessible from both international and regional markets. It is the
only Gulf Cooperation Council (GCC) location to enjoy mild
temperatures year-round and is home to one of the world’s largest
barrier reefs, coupled with an abundance of flora and fauna,
juxtaposed with a dramatic and awe-inspiring landscape with
dramatic mountain ranges dotted with dormant volcanoes, turquoise
lagoons and white beaches.
“Grand Hyatt The Red Sea represents a key milestone within
Hyatt’s strategy to expand its luxury resort offering in the Middle
East,” said Ludwig Bouldoukian, regional vice president of
development for the Middle East and Africa. “It is an honor to be
able to showcase the Grand Hyatt brand in one of the Kingdom’s most
innovative tourism developments and become part of this historic
moment. Grand Hyatt The Red Sea will be at the forefront of the
project, helping shape the island’s unique identity and contribute
to a destination that redefines the concept of sustainable luxury.
The resort will be an extension of Hyatt’s expanding luxury brand
offerings, enhancing the way we cater to today’s increasingly
diverse travelers who are seeking captivating moments from what
will be an iconic destination.”
The Red Sea Project is designed to set new standards in
sustainability and expects to position Saudi Arabia firmly on the
global tourism map. The luxury destination created around one of
the world's hidden natural treasures is committed to preserving and
actively enhancing the natural environment which spans 10,800
square miles (28,000 square kilometers). It includes an archipelago
of more than 90 untouched natural islands, as well as dormant
volcanoes, desert, mountains, and cultural sites.
The destination is expected to be the first tourism project of
its size to be powered solely by renewable energy, with avoided CO2
emissions to the atmosphere equivalent to at least half a million
tons each year. Cars, helicopters, e-bikes, golf buggies, vans,
trucks, seaplanes and buses will all operate on hydrogen and
electricity as part of a smart and sustainable mobility strategy.
Sustainability and diversification represent an important facet of
the government’s Vision 2030, to develop the region and attract
international travelers.
“The Red Sea Project is the world’s most ambitious regenerative
tourism project and in order to deliver against our commitments, it
is essential that we work with leading international brands like
Hyatt. Grand Hyatt The Red Sea represents the largest hotel in
Phase One and the centre piece of our hub island, Shaura,” said
John Pagano, CEO at TRSDC. “I can’t think of a brand better placed
to operate this unique property, given Hyatt’s global expertise and
the enthusiasm demonstrated to engage with our sustainable and
regenerative commitments. We look forward to welcoming guests to
experience a new level of barefoot luxury tourism.”
Once open, Grand Hyatt The Red Sea will become the seventh Hyatt
in the Kingdom of Saudi Arabia joining Park Hyatt Jeddah – Marina,
Club and Spa, Grand Hyatt Al Khobar Hotel and Residences, Jabal
Omar Hyatt Regency Makkah, Hyatt Regency Riyadh Olaya, Hyatt Place
Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street.
For more information, please visit www.hyatt.com.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Hotels
Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company offering 20 premier brands. As of June
30, 2021, the Company's portfolio included more than 1,000 hotel
and all-inclusive properties in 68 countries across six continents.
The Company's purpose to care for people so they can be their best
informs its business decisions and growth strategy and is intended
to attract and retain top employees, build relationships with
guests and create value for shareholders. The Company's
subsidiaries operate, manage, franchise, own, lease, develop,
license, or provide services to hotels, resorts, branded
residences, and vacation ownership properties, including under the
Park Hyatt®, Miraval®, Grand Hyatt®,
Alila®, Andaz®, The Unbound Collection by
Hyatt®, Destination by Hyatt™, Hyatt Regency®,
Hyatt®, Hyatt Ziva™, Hyatt Zilara™,
Thompson Hotels®, Hyatt Centric®, Caption by
Hyatt, JdV by Hyatt™, Hyatt House®, Hyatt
Place®, tommie™, UrCove, and Hyatt Residence
Club® brand names, and operates the World of Hyatt® loyalty
program that provides distinct benefits and exclusive experiences
to its valued members. For more information, please visit
www.hyatt.com.
About The Red Sea Development
Company
The Red Sea Development Company (TRSDC - www.theredsea.sa) is a
closed joint-stock company wholly owned by the Public Investment
Fund (PIF) of Saudi Arabia. TRSDC was established to drive the
development of The Red Sea Project, a luxury, regenerative tourism
destination that will set new standards in sustainable development
and position Saudi Arabia on the global tourism map.
The project is being developed over 28,000 km2 of pristine lands
and waters along Saudi Arabia’s west coast and includes a vast
archipelago of more than 90 pristine islands. The destination also
features sweeping desert dunes, mountain canyons, dormant
volcanoes, and ancient cultural and heritage sites. It is designed
to include hotels, residential properties, leisure, commercial and
entertainment amenities, as well as supporting infrastructure that
emphasizes renewable energy and water conservation and re-use, as
well as a circular waste management system to achieve zero waste to
landfill.
Activity for the first phase of development is well underway and
is on track to be completed by the end of 2023. The project has
surpassed significant milestones, with over 600 contracts signed to
date, worth over SAR 17bn ($4.5bn).
The 100-hectare Landscape Nursery, which will provide more than
25 million plants for the destination, is now fully operational.
There are more than 9,000 workers currently on-site and 80km of new
roads are now complete, including the new airport road, to better
connect the destination. The Construction Village, set to house
10,000 workers, is now open and development is progressing well at
the Coastal Village, which will be home to around 14,000 people who
will eventually work at the destination.
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version on businesswire.com: https://www.businesswire.com/news/home/20211027005724/en/
Siân Rylander Hyatt +1 312 780 5797 sian.rylander@hyatt.com
Milica Ferreira da Silva Hyatt – Europe, Africa and the Middle
East milica.ferreiradasilva@hyatt.com
Andrea Wubben Q Communications, Dubai Andrea.w@qcomms.ae
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