Hotelier Middle East – May 2019

BULLETIN

12 HOTELIER MIDDLE EAST | May 2019 | Volume 18 Issue 05

Emirates A380 expands network to include Riyadh

Nikki Beach is set to increase its hotel locations

What’s the story?
Nikki Beach Hotels &
Resorts development
pipeline include
seven resorts,
which, according
to a statement
from the group, are
either operational
or currently under
construction. The
resort has said that it
is about to increase to
the number of resorts
it has in a joint venture
with EMEA. The new
Nikki Beach Hotels &
Resorts resorts will be
in Europe and in the
South Asia region of
the world.

What’s different?

The joint venture

with EMEA and

Nikki Beach Hotels

& Resorts currently

operates three

resorts in Dubai,

the UAE; Bodrum,

Turkey; and Porto

Heli, Greece. The

partnership will see a

further three resorts

in Santorini, Greece;

Budva, Montenegro;

and Balapitya in Sri

Lanka. Under the

partnership, first on

the expansion plan is

Nikki Beach Resort &

Spa Santorini, which

is set to open later this

year, 2019.

Any other details?

Nikki Beach Resort

& Spa Santorini will

feature private beach

access, 60 rooms

and suites, three

restaurants and the

signature Nikki Spa.

It will be the brand’s

second location

in Greece. Nikki

Beach Resort & Spa

Montenegro will be

part of a luxury private

villa development.

Nikki Beach Resort

& Spa Sri Lanka will

be located within a

new development in

Balapitya.

What did they say?

Nikki Beach Hotels & Resorts EMEA CEO Jihad El Khoury, said: “With the

opening of Nikki Beach Resort & Spa Santorini, we have triggered our

next level growth phase in line with our development strategy. This was

driven by the investors trust in our brand and the market demand for fresh

and relevant lifestyle resort applications.”

What’s the story?

T

he Saudi El-Khereiji

Group has reportedly

revealed plans to

boost Turkey’s

tourism sector through hotel

investments. SAK Consultants,

which operates within the

Saudi-based El-Khereiji

Group, said they were in

negotiations with a four-star

hotel in Istanbul to take over

a 70% share of the property

worth USD $12 million.

As well as the unnamed hotel

chain, they also have plans

to invest in 15-20 boutique

rooms in the region. Turkey’s

accommodation and food

market are among the sectors

that they plan to invest in as

part of a $100m budget, which

has been supported by the

Saudi Government.

SAK Consultants chairman,

Solaiman El-Khereiji, told

Reuters news agency that

they have a project aimed

at foreigners who make real

estate investments in Turkey.

“Foreigners who buy houses

live in them for just several

months a year. They are not

here for 9-10 months of the

year. We have a new system.

We buy small hotels and sell

them to families on room

basis,” said El-Khereiji.

The Saudi Commission of

Tourism and National Heritage

(SCTH) recently announced

plans to fund 33 new

tourism projects across the

kingdom, as part of a lending

initiative to aid the sector in

underdeveloped Saudi regions.

Saudi El-Khereiji Group ramps up Turkish

tourism with hotel investments

SAK Consultants-owned Saudi El-Khereiji Group has plans to boost Turkey’s tourism sector

through its real estate investment project