Poging GOUD - Vrij
Hotel101 ventures into KSA
Manila Bulletin
|May 30, 2025
DoubleDragon Corp.’s Hotelio1 Global has teamed up with Horizon Group for a major venture in the Kingdom of Saudi Arabia, with plans to develop up to 10,000 hotel rooms worth $2.5 billion.
In a disclosure to the Philippine Stock Exchange (PSE), DoubleDragon said Hotel101 has signed a joint venture partnership agreement with Horizon as the main partner for its expansion into Saudi Arabia, with a vision to introduce the Hotel101 brand.
Horizon is a Saudi-headquartered investment company led by the brothers Khaled and Abdulrahman Sharbatly, and Wael Daqal, with a focus on partnering and investing in industries with international market leaders.
Horizon has many partnerships and affiliations, such as AlNahla Group and SAMACO, and is a market leader in its industry, with a preference and focus on hospitality and manufacturing.
An initial five locations for Hotel1o1 projects have been identified, the first of which is intended to be located in Medina, followed by Riyadh, Jeddah, Abha, and AlUla.
Dit verhaal komt uit de May 30, 2025-editie van Manila Bulletin.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Manila Bulletin
Manila Bulletin
Why weight loss finally has science on its side
How do GLP-1 medications work?
3 mins
January 7, 2026
Manila Bulletin
Maduro: I was captured
Pleads not guilty to drug trafficking charges
3 mins
January 7, 2026
Manila Bulletin
Rockwell raising P1OB for Alabang Town, capex
Rockwell Land Corp., the high-end real estate developer controlled by the Lopez family, plans to raise as much as ₱10 billion through a bond offering to finance capital spending and its acquisition of a majority stake in Alabang Town Center (ATC) mall.
1 min
January 7, 2026
Manila Bulletin
2025 inflation sinks to nine-year low 1.7%
The country’s full-year inflation rate in 2025 settled at a nine-year low 1.7 percent, even as inflation edged up to 1.8 percent in December from 1.5 percent a month earlier—driven mainly by higher prices of food and nonalcoholic beverages, the Philippine Statistics Authority (PSA) reported.
3 mins
January 7, 2026
Manila Bulletin
Act now or drown in our own irresponsible practices
A dump truck of plastic every second.
2 mins
January 7, 2026
Manila Bulletin
Brace for hazardous Mayon eruption; Alert Level 3 raised
The Philippine Institute of Volcanology and Seismology (Phivolcs) on Tuesday, Jan. 6, raised Mayon Volcano’s alert status from Alert Level 2 to Level 3, signaling an increased likelihood of a hazardous eruption.
2 mins
January 7, 2026
Manila Bulletin
Security measures in place for Traslacion, Sinulog - Nartatez
Police forces are now adjusting the security measures for the strict enforcement of liquor ban in the City of Manila and gun ban in Metro Manila for the Feast of the Black Nazarene on Jan. 9.
2 mins
January 7, 2026
Manila Bulletin
It is I, do not be afraid!
Jesus has just taught people at great length and afterwards multiplied bread and fish in order to satisfy the hungry crowd.
3 mins
January 7, 2026
Manila Bulletin
BSP may deepen interest rate cuts
The Bangko Sentral ng Pilipinas (BSP) is prepared to deploy a deeper round of interest-rate cuts as a secondary defense if the country's economic expansion fails to hold the five-percent level, according to the central bank chief.
3 mins
January 7, 2026
Manila Bulletin
The quiet work of listening
In a world that rewards speaking-publishing, posting, persuading-it is easy to forget the quiet, transformative power of listening.
2 mins
January 7, 2026
Listen
Translate
Change font size