Rotana and SHUAA Capital Saudi Arabia (SCSA), one of the leading investment managers, announced the opening of the Centro Waha Riyadh Hotel.

This is the second hospitality project to be developed courtesy of the sharia compliant SHUAA Saudi Hospitality Fund I and under the Centro by Rotana brand in the Saudi market.

The new hotel includes 290 rooms, studios and hotel suites. It offers three meeting rooms equipped with business and conference facilities. Centro Waha also includes an integrated fitness club fully equipped with facilities and services, in addition to a swimming pool for hotel guests. Also there are three modern restaurants

President  & CEO of Rotana, Omer Kaddouri said: “Business travel and accommodation for the budget conscious executive is an increasingly important market and the Centro concept is specifically designed to cater to this rapidly expanding market. Appealing to large corporate entities, small and medium business owners, and individual travelers, Centro by Rotana is an ‘Essential Service’ hotel brand, which is much needed in the Kingdom.”

Kaddouri noted that Centro Waha Riyadh is the eighth hotel to open under the Centro by Rotana brand in the region, and the fourth by Rotana Group in the Kingdom following the opening of Centro Shaheen in Jeddah. Rotana currently operates more than 1,200 keys in the Saudi hospitality market, in addition to 880 hotel keys under development, all as part of Rotana Group’s plans to expand strategically in the Saudi market.