Travel, Tourism & Hospitality

Sophos, AIMS plan hotel management company in KSA

Sophos Hotels, a top third-party hotel operator in Europe , and AIMS Hospitality, a subsidiary of AIMS Holding, have signed an agreement to launch the first international independent hotel management company in  KSA.

The announcement was made at the recent Future Hospitality Summit in Riyadh.

The companies have initially agreed on developing and operating several properties located in Jeddah and Makkah cities that comprise over 2000 keys.

Fernand Donnet, President and CEO of Sophos Hotels said: “I would like to thank the ministry of investment for easing the process of obtaining the service license for Sophos Hotels in KSA , We are thrilled to expand our business and to invest in the Saudi hospitality market which  is witnessing one of  the fastest & highest  growth rates in the world, and to build long term partnership with AIMS Hospitality, together will reciprocate our expertise and further enhance our reach in this fast-growing market, as well as across the entire GCC region.”

Muhammed Al Amir, CEO of AIMS Hospitality added: “Saudi Arabia redefined its tourism and hospitality sectors under Saudi Vision 2030, which increased demand for international expertise in hotel management. We are looking forward to building a trustworthy partnership with Sophos Hotels which shall transform a great combinate, of the Swiss hospitality expertise and  local know how to create the ideal hotel management model.”

Sophos Hotels SA was founded in 2006 in Switzerland and is currently developing and operating over 40 independent and internationally branded hotels around the world. – TradeArabia News Service