May 09--DUBAI -- Hilton Worldwide yesterday signed an agreement with Mawten Hospitality LLC to introduce the company's first dual branded property to the rapidly growing city of Riyadh.

The single-site development for Hilton Garden Inn Riyadh Financial District, KSA and DoubleTree Suites by Hilton Riyadh -- Financial District, KSA will be located in the dynamic, upcoming area North of Riyadh, close to King Abdullah Financial District (KAFD).

Currently under construction, KAFD will be home to many leading international banks, financial institutions and legal firms as well as the site of the headquarters of the Capital Market Authority and Tadawul, the KSA stock exchange. The district will include around 40 multi-use designer towers which is set to redefine the skyline and landscape of the capital city.

Rudi Jagersbacher, president, Hilton Worldwide Middle East & Africa said: "Today's announcement for our first dual branded property in the Middle East signifies Hilton Worldwide's intent to become the pre-eminent hospitality provider in Saudi Arabia."

The 260-room Hilton Garden Inn development and the 110 serviced apartments of DoubleTree Suites by Hilton will share a host of business facilities including a large, multi-purpose function room, eight meeting rooms and four boardrooms. Individually, the Hilton Garden Inn Riyadh Financial District property will feature a business center, swimming pool and health club as well as a restaurant and lobby lounge. The 110 serviced apartments of DoubleTree Suites by Hilton Riyadh -- Financial District will include a full range of options from studios to one and two bedroom apartments. The dual development is expected to open Winter 2015.

Raeyd Al-Dakheel, CEO of Mawten Hospitality LLC, owner and developer of the dual hotel project, said: "This project furthers our commitment to the City of Riyadh to deliver much needed high quality hotel rooms and suites." project along with others shows our strong confidence in the Saudi hospitality market."

Adrian Kurre, global head, Hilton Garden Inn said: "Hilton Garden Inn is gaining real momentum in growing business hubs such as Riyadh. This latest signing in such a prominent development will help us to further establish our uncompromising value for money credentials."

John Greenleaf, global head, DoubleTree by Hilton said: "Today's announcement marks the fourth DoubleTree by Hilton property planned for Saudi Arabia and its second in the capital Riyadh."

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