Minor Hotels has signed a partnership with Tabarak Holding to operate Oaks Residences in Riyadh, marking its entry into the Saudi Arabian hospitality market and expanding its presence in the Middle East.
Information on the Target
Minor Hotels is a renowned global hospitality group, currently managing a diverse portfolio of over 640 hotels, resorts, and branded residences across 59 countries. The group is recognized for its distinctive hotel brands that include Anantara, Avani, NH Collection, and Tivoli, among others. Minor Hotels is committed to delivering exceptional guest experiences while continuously evolving to cater to market demands.
The recent signing of Oaks Residences Riyadh marks a strategic move for Minor Hotels into the Saudi Arabian hospitality sector. This upscale property will feature 146 long-stay residences in the capital, designed to offer comfort along with premium lifestyle amenities. The development is set for immediate conversion and is expected to open its doors to residents in 2026.
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Industry Overview in Saudi Arabia
The hospitality industry in Saudi Arabia is experiencing robust growth, driven by the nation's Vision 2030 initiative which seeks to diversify its economy and boost tourism. The Kingdom aims to attract 100 million
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Minor Hotels
invested in
Oaks Residences Riyadh
in 2025
in a Joint Venture deal