$1bn JV to Develop 50 Hotels Across Saudi Arabia

Riyadh — The US-based Patel Family Office has entered a $1 billion joint venture with Saudi Arabia’s Abdel Hadi A. Al-Qahtani & Sons Group, through its hospitality arm ATQ, to develop 50 hotels across the Kingdom, according to official project announcements. The partnership will establish a new hospitality platform branded “AYARA”, targeting the delivery of […]