Ennismore signed an settlement with Olayan Financing Firm (OFC) right now to launch the primary Mondrian lodge growth in Saudi Arabia, Mondrian Riyadh Al Malga. Set to open in 2026, Mondrian Riyadh will even be Ennismore’s first lodge within the capital, making it a major milestone for the corporate’s development within the area.
Mondrian Riyadh Al Malga Resort and Residences will characteristic 200 keys, together with 130 commonplace rooms and suites, with 25 one-bedroom, 35 two-bedroom, and ten three-bedroom serviced flats. The lodge will pioneer revolutionary culinary and mixology experiences within the Kingdom with three new eating places and lounges by Ennismore’s in-house F&B idea studio, Carte Blanched. It is going to even be house to beneficiant occasion areas and state-of-the-art social wellness areas, paving the best way for Mondrian’s progressive programming.
Outlined by ground-breaking design, Mondrian’s massive creativeness shall be dropped at life in Riyadh by visionary designer and worldwide award-winning inside architect Tristan Di Plessis, whose portfolio contains a few of the most spoken-about hospitality locations world wide. The lodge and growth shall be LEED (Management in Vitality and Environmental Design) Licensed – constructed with a concentrate on vitality financial savings, water effectivity, diminished carbon emissions, and improved indoor air high quality.
Mondrian resorts are at all times on the coronary heart of the world’s most fun cultural scenes. The Mondrian Riyadh Al Malga Resort and Residences shall be developed as a part of the mixed-use Al Malga City Village, with residents and guests alike in a position to benefit from the vibrant boutique retail, eating, leisure, and leisure scene. Positioned within the northern a part of Riyadh, the Al Malga neighborhood is on the entrance of the just lately introduced 400-meter-high cube-shaped skyscraper Mukaab as a part of the capital’s Murabba downtown plan. The unimaginable growth shall be a tourism and cultural vacation spot, together with leisure, eating, and retail, and can have an virtually full-height atrium house that can comprise a spiraling tower. The brand new Mondrian will even profit from easy accessibility to Boulevard Riyadh, house to high-profile occasions and live shows, Najd Village, and King Abdullah Monetary District, permitting friends to totally immersive themselves within the tradition of town.
Nabeel Al-Amudi, CEO of Olayan Financing Firm, commented: “We’re delighted to group up with Ennismore for this thrilling mission, which is able to deliver one of many world’s most sought-after hospitality manufacturers to the Kingdom. Our partnerships with main world gamers come as a part of OFC’s long-term technique to fulfill the evolving wants of residents and vacationers in Saudi Arabia and assist the Kingdom’s journey towards attaining the objectives of Imaginative and prescient 2030, the sensible management’s roadmap to sustainable prosperity.”
Gaurav Bhushan, Co-CEO of Ennismore, stated: “We’re excited to be partnering with Olayan Financing Firm to deliver the primary Mondrian Resort and Residence to Saudi Arabia and the primary Ennismore property to the nation’s capital, Riyadh. Mondrian Riyadh Al Malga will deliver town a novel life-style and hospitality expertise. We sit up for elevating the bar as a cultural and gastronomic vacation spot for discerning vacationers and locals alike.”
Mondrian’s world growth exhibits no indicators of slowing down with a pipeline of 17 resorts and branded residences, together with upcoming openings in Singapore, Hong Kong, Bordeaux, Ibiza, Cannes, Dubai, Gold Coast Australia, and Abu Dhabi, including to its current portfolio of seven open resorts together with Mexico Metropolis, London, LA, and Doha.
Life-style is among the fastest-growing segments of the hospitality trade, and Ennismore is main the best way with its collective of 14 manufacturers representing over 100 working resorts, with an extra 140+ within the pipeline and greater than 190 eating places and bars. In 2023, Ennismore is ready to open practically 30 resorts, together with Maison Delano Paris, France; Mama Shelter, Rennes, France; SO/ Uptown Dubai, UAE; 21C Museum Resort St. Louis, USA; TRIBE Bangkok, Thailand; The Hoxton, Charlottenburg, Germany and Hyde Ibiza, Spain. As well as, Ennismore’s growth within the Center East continues to be robust, including to its current 5 resorts and branded residences – together with 25hours Dubai, SLS Dubai, and Hyde Dubai – a pipeline of over 20 properties that includes Mama Shelter Dubai, SLS Crimson Sea and 25hours Trojena.
Olayan Financing Firm (OFC) is the proprietor of Mondrian Riyadh Al Malga. Seeking to construct on their distinctive and strategic partnership, Ennismore and OFC are collectively planning future initiatives to deliver extra Ennismore life-style manufacturers to the Kingdom of Saudi Arabia.