BRESI OVERVIEW: Oaks Residences Riyadh
Partnership expansion in Saudi Arabia: Minor Hotels signed an agreement with Tabarak Holding to develop Oaks Residences Riyadh, a 146-unit upscale property in the Saudi capital featuring extended-stay accommodations, a pool, fitness center, and retail spaces, set to open in 2026.
Strategic presence at tourism summit: The deal was finalized at the TOURISE Summit hosted by Saudi Arabia’s Ministry of Tourism, with executives from both companies present to align with the region’s developing tourism sector.
NH Collection brand enters Egypt: The partnership includes two NH Collection properties planned for Cairo, currently in design phase with an anticipated 2029 opening date, bringing European-style hospitality to the Egyptian market.
Regional portfolio growth: The additions support Minor Hotels’ aggressive expansion strategy across the Middle East and Africa, where the company operates in fourteen countries and targets 100 properties worth over $6 billion in owner investments by 2030.
Long-term market commitment: Both companies emphasised their dedication to contributing to Saudi Arabia’s tourism diversification goals and strengthening their presence in the evolving hospitality landscape of Egypt and the broader region.
Oaks Hotels, Resorts & Suites Signs First Property in Saudi Arabia
Minor Hotels, a global hospitality group with a portfolio of over 640 properties in operation and pipeline across 60 countries, has announced the signing of Oaks Residences Riyadh, marking a significant addition to its growing portfolio in Saudi Arabia.
The agreement, signed in partnership with Tabarak Holding, also includes future projects in key locations in Cairo, Egypt under the NH Collection brand.
The signing took place during the TOURISE Summit, powered by the Saudi Ministry of Tourism, and was attended by Dillip Rajakarier, CEO of Minor Hotels and Group CEO of Minor International, and by the chairman of Tabarak Holding Mr.Aly El Shorbany and Group VPs.
This occasion highlights both groups’ alignment with the region’s rapidly evolving tourism landscape.
Oaks Residences Riyadh
Located in the heart of the Saudi capital, the Oaks Residences Riyadh will feature 146 upscale residences designed for long-stay comfort, complemented by premium lifestyle amenities including a swimming pool, fitness centre, retail and leisure spaces. The property is an immediate conversion project and is expected to welcome residents in 2026.
Dillip Rajakarier, CEO of Minor Hotels and Group CEO of Minor International, said: “We are delighted to announce the signing of Oaks Residences Riyadh in partnership with Tabarak International, reinforcing our long-term commitment to Saudi Arabia’s fast-evolving tourism and real estate sector. This project represents an exciting opportunity to extend the Oaks brand into a key regional market and further support the Kingdom’s ambitions for growth and diversification.”
As part of the same agreement, Minor Hotels and Tabarak Holding will also introduce the NH Collection brand to Egypt. Two properties, currently in the planning and design phase, are expected to open in 2029, bringing together modern design, premium comfort, and the brand’s signature European sophistication.
Ali Al Shorbany, Chairman of both Tabarak International and TBK Developments added: “This collaboration with Minor Hotels represents a strong step forward in expanding Tabarak’s footprint within the regional hospitality sector. Together, we aim to create distinctive developments that contribute to the evolution of tourism and real estate in both Egypt and Saudi Arabia.”
These latest additions strengthen Minor Hotels’ Middle East & Africa portfolio, which currently spans fourteen countries, as the group continues its strategic expansion to bring a total of 100 properties across the region valued at more than US $6bn by Owner-Induced Investments by 2030.
About Minor Hotels
Minor Hotels is a global leader in the hospitality industry with over 640* hotels, resorts and branded residences across 59 countries. The group crafts innovative and insightful experiences through its hotel brands including Anantara, Elewana Collection, The Wolseley Hotels, Tivoli, Minor Reserve Collection, NH Collection, nhow, Avani, Colbert Collection, NH, Oaks, and iStay, as well as a diverse portfolio of restaurants and bars, travel experiences, and spa and wellness brands.
With over four decades of expertise, Minor Hotels builds stronger brands, fosters lasting partnerships, and drives business success by always focusing on what matters most to our guests, team members and partners.
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