Sophos Hotels SA and AIMS Hospitality Holding collaborate
RIYADH, Kingdom of Saudi Arabia at Future Hospitality Summit (May 24, 2022) Sophos Hotels SA, one of Europe’s leading third-party hotel operators, and AIMS Hospitality, a subsidiary of AIMS Holding, a leading hospitality investor in Saudi Arabia, announced the signing of a memorandum of understanding to launch and develop the first independent international hotel management company in Saudi Arabiaand initially agreed to develop and operate several properties located in the cities of Jeddah and Makkah which include over 2000 keys
Fernand Donnet, President and CEO of Sophos Hotels said: “I would like to thank the Ministry of Investment for facilitating the process of obtaining the service license for Sophos Hotels in Saudi Arabia. We are excited to grow our business and invest in the Saudi hospitality industry. market which is experiencing one of the fastest and highest growing rates in the world, and to build a long-term partnership with AIMS Hospitality, together we will reciprocate our expertise and further enhance our reach in this rapidly growing market , as well as throughout the GCC Region.”
Muhammed Al Amir, CEO of AIMS Hospitality, added, “Saudi Arabia has redefined its tourism and hospitality sectors under Saudi Vision 2030, which has increased demand for international expertise in hospitality management. We look forward to building a trusted partnership with Sophos Hotels that will transform an excellent combination of Swiss hotel expertise and local know-how to create the ideal hotel management model.”
About Sophos hosts
Sophos Hotels SA was founded in 2006 in Switzerland and currently develops and operates more than 40 independent and internationally branded hotels worldwide, with a diverse portfolio including classic luxury hotels, upscale and midscale hotels, ski and beach resorts. Its business model expands flexibly. terms of the management agreement to the investors, who will be relieved from the hassle of day-to-day operations and gain a high operating profit margin, Simultaneously, the brands have confidence with the certainty that the hotel will be efficiently managed by an experienced third party, who will maintain the branding and standards.
Sophos Hotels SA has built strategic relationships over decades with several major international brands such as: Marriott, Hilton, Hyatt and Wyndham.
For more information: www.sophoshotels.com