Damac, Paramount nearing deal for movie-themed Riyadh hotel

05/9/2013 | HotelierMiddleEast.com (United Arab Emirates)

Plans for a second luxury hotel by Damac and Paramount are in the works. The team opened the Damac Towers by Paramount in Dubai just two months ago, and now is looking at Riyadh as the location for the second movie-themed luxury hotel. "We’re nearing completion [of negotiations] but the structure of the project is different from the one in Dubai, that’s why it’s taking more time, because it’s not your traditional hotel," said Ziad El Chaar, Damac's managing director.

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HotelierMiddleEast.com (United Arab Emirates)

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