Developer docs
API playgroundTry for free, no card

Search company profiles

Amsa Hospitality

Full company profile

uuid000l877

Namestring
Amsa Hospitality
Legal namestring
Amsa Hospitality Co.
Company typeenum
Private
Founded yearint
2022
Descriptiontext

Amsa Hospitality Co. is a privately held Saudi Arabian hotel investment and management company headquartered in Riyadh, founded in 2022 under the tagline 'Hallmark of Arabian Hospitality'. The company invests in hospitality real estate and operates it under franchise and management agreements with international hotel brands, primarily Radisson, and more recently Accor. Its operating portfolio includes the Radisson Hotel Riyadh Airport, and it is preparing to launch the Al Reef Residential Compound in Riyadh's Diplomatic Quarter — a SAR 1.2 billion, 20-year lease covering 240 units (176 apartments and 64 villas/townhouses) across 40,000 square meters, with operations expected to commence in Q4 2026.

The business model combines long-term lease agreements with property owners (such as Al Akaria, the Saudi Real Estate Company) with operating partnerships that bring international brand standards to the Saudi market. Revenue is generated through managed-services mechanics: operating fees, management fees, and the underlying room and residential rental economics on leased properties. The company pursues a vertical, enterprise-field-sales GTM, targeting large landlords and government-aligned real estate holders, and is expanding into underserved regions and segments ahead of major Saudi tourism events tied to Vision 2030.

The technology stack is undisclosed; there is no proprietary software platform, app, or API in evidence. Operating geographies are concentrated in Saudi Arabia, with stated intent to expand across the kingdom. The leadership team comprises a CEO, COO, CFO, Chief Brand & Marketing Officer, Chief People Officer, and Chief R&D Officer, supported by an internal Academy program. Marketing is digital-first via the company website, LinkedIn, Twitter/X, YouTube, a blog, and a media center.

Short descriptiontext

Amsa Hospitality Co. is a privately held Riyadh-based hotel investment and management firm founded in 2022 that invests in and operates hospitality properties in Saudi Arabia under international brand partnerships, primarily Radisson, serving property owners and travelers in the Saudi tourism market.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
hotel investment services, hospitality property management, hotel franchise operations, residential hospitality compounds, international brand affiliation
Industry3 codes
1Hospitality (Hotel) Property Management
CodeBPAJAGAGPrimaryYes
2Hospitality (Hotels & Resorts) Asset Management
CodeBPAJAMAEPrimaryNo
3Resort & Branded Residence Vacation Rental Management
CodeBPAJAIAEPrimaryNo
NAICS code3 codes
  • Hotels (except Casino Hotels) and Motels72111
  • Other Traveler Accommodation72119
  • Accommodation721
SIC code3 codes
  • Hotels & Motels7011
  • Hotels, Rooming Houses, Camps & Other Lodging Places7000
  • Real Estate Agents & Managers (For Others)6531
Product category
Hotel Investment and Management Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Hotel Investment and Management
TypeManaged Services
Description

Amsa Hospitality invests in hotel and residential hospitality properties, operating them under franchise agreements with international brands like Radisson. Revenue is generated through long-term lease agreements with property owners and operational management fees.

eyeofriyadh.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Amsa Hospitality is a Saudi hospitality investment and management firm that acquires, leases, and operates hotel and residential hospitality properties under international franchise brands such as Radisson and Accor. It generates revenue through long-term lease agreements with property owners and operational management of branded properties, with a current portfolio that includes the Radisson Hotel Riyadh Airport and the Al Reef Residential Compound in Riyadh's Diplomatic Quarter.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Saudi Arabia reached 160 million visitors in 2024, exceeding Vision 2030 targets
Product overview1 text field

Amsa Hospitality operates as a unified hotel investment and management platform, launched in 2022 as a Saudi Arabian company. The company manages a portfolio of hospitality properties under international brands (particularly Radisson), offering hotel investment services, property management, and operational expertise. The core offering includes hotel and residential property management across Saudi Arabia, with projects such as the Radisson Hotel Riyadh Airport and the Al Reef Residential Compound.

Product and service3 records
1Hotel Investment & Management Services
CategoryHotel Investment and Management
Description

End-to-end hospitality investment and management services covering hotel and residential hospitality properties, operated under international franchise brands and offered to property owners across Saudi Arabia.

2Radisson Hotel Riyadh Airport
CategoryManaged Hotel Property
Description

A hotel property operated under the Radisson brand by Amsa Hospitality, serving business and leisure travelers in the vicinity of Riyadh's airport.

3Al Reef Residential Compound
CategoryManaged Residential Hospitality Compound
Description

A residential hospitality compound in Riyadh's Diplomatic Quarter comprising 240 units (176 apartments and 64 villas/townhouses) across 40,000 square meters, operated under the Radisson brand through a 20-year lease with Al Akaria.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-03-01
Description

Al Akaria, a Saudi real estate company, signed a 20-year lease agreement with Amsa Hospitality for the Al Reef Residential Compound located in Riyadh's Diplomatic Quarter. The project is valued at approximately SAR 1.2 billion over 20 years and spans 40,000 square meters with 240 residential units. Operations expected to commence in Q4 2026.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Amsa Hospitality operates properties under the Radisson brand, providing international brand affiliation and operational standards for hotel and residential hospitality services in Saudi Arabia.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers9 records
TypeDirect peer
Description

Saudi-listed hospitality investment and management company operating hotels and serviced apartments across the Kingdom. Highly comparable as a domestic peer pursuing hotel investment, residential hospitality, and Vision 2030-aligned growth in the same Riyadh/Saudi market.

TypeBroad incumbent
Description

Hospitality arm of Emaar Properties, operating luxury and premium hotels, serviced residences, and lifestyle brands across the Middle East. Comparable as a regional hospitality operator combining investment, asset management, and branded residence operations like Amsa.

TypeRegional player
Description

Middle East-headquartered hotel management company operating a broad portfolio across the MENA region. Comparable as a regional asset-light hotel operator with similar branded-residence and management-fee business model in geographies adjacent to Saudi Arabia.

TypeDirect peer
Description

Saudi-focused hospitality investment and development company with a global hotel portfolio. Directly comparable as a Kingdom-based hotel investor/operator pursuing long-term growth tied to Saudi tourism expansion.

TypeBroad incumbent
Description

Global hospitality group operating 40+ brands across luxury, premium, midscale, and economy tiers with extensive Middle East presence. Comparable as Amsa's franchise partner and the underlying brand operator across multiple properties, while also being a broad competitor for management contracts.

TypeBroad incumbent
Description

World's largest hotel company with extensive luxury and premium brands (Ritz-Carlton, Marriott, Westin, etc.) and active expansion across Saudi Arabia. Comparable as a franchisor/competitor for management contracts in the same Saudi market Amsa targets.

TypeBroad incumbent
Description

Global hospitality company operating luxury through focused-service brands with rapid Middle East expansion. Comparable as a competitor for hotel management contracts and a potential franchise partner in the same Saudi hospitality growth cycle.

TypeBroad incumbent
Description

Global hospitality group with luxury (Six Senses, InterContinental) and mainstream brands and active Saudi Arabia expansion. Comparable as a major franchisor competing for management contracts in the same Vision 2030-driven pipeline.

TypeRegional player
Description

European-origin luxury hotel operator with a strong Middle East footprint, particularly in the GCC. Comparable as a regional luxury hotel operator with branded residences and management-fee model targeting the same HNW and corporate travel segments in Saudi Arabia.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Amsa Hospitality

Hotel Investment and Management Servicesamsahospitality.com

Amsa Hospitality Co. is a privately held Riyadh-based hotel investment and management firm founded in 2022 that invests in and operates hospitality properties in Saudi Arabia under international brand partnerships, primarily Radisson, serving property owners and travelers in the Saudi tourism market.

What Amsa Hospitality does

Amsa Hospitality Co. is a privately held Saudi Arabian hotel investment and management company headquartered in Riyadh, founded in 2022 under the tagline 'Hallmark of Arabian Hospitality'. The company invests in hospitality real estate and operates it under franchise and management agreements with international hotel brands, primarily Radisson, and more recently Accor. Its operating portfolio includes the Radisson Hotel Riyadh Airport, and it is preparing to launch the Al Reef Residential Compound in Riyadh's Diplomatic Quarter — a SAR 1.2 billion, 20-year lease covering 240 units (176 apartments and 64 villas/townhouses) across 40,000 square meters, with operations expected to commence in Q4 2026.

The business model combines long-term lease agreements with property owners (such as Al Akaria, the Saudi Real Estate Company) with operating partnerships that bring international brand standards to the Saudi market. Revenue is generated through managed-services mechanics: operating fees, management fees, and the underlying room and residential rental economics on leased properties. The company pursues a vertical, enterprise-field-sales GTM, targeting large landlords and government-aligned real estate holders, and is expanding into underserved regions and segments ahead of major Saudi tourism events tied to Vision 2030.

The technology stack is undisclosed; there is no proprietary software platform, app, or API in evidence. Operating geographies are concentrated in Saudi Arabia, with stated intent to expand across the kingdom. The leadership team comprises a CEO, COO, CFO, Chief Brand & Marketing Officer, Chief People Officer, and Chief R&D Officer, supported by an internal Academy program. Marketing is digital-first via the company website, LinkedIn, Twitter/X, YouTube, a blog, and a media center.

Amsa Hospitality firmographics

Firmographics
Name
Amsa Hospitality
Legal name
Amsa Hospitality Co.
Website
https://amsahospitality.com
Company type
Private
Founded year
2022
Operating status
Operating
Headcount range
11–50 employees
Short description
Amsa Hospitality Co. is a privately held Riyadh-based hotel investment and management firm founded in 2022 that invests in and operates hospitality properties in Saudi Arabia under international brand partnerships, primarily Radisson, serving property owners and travelers in the Saudi tourism market.
Ownership category
akta.pro rank

Amsa Hospitality industry classification

Industry
Product category
Hotel Investment and Management Services
NAICS
Hotels (except Casino Hotels) and Motels (72111), Other Traveler Accommodation (72119), Accommodation (721)
SIC
Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531)
akta.pro primary industry
Hospitality (Hotel) Property Management (BPAJAGAG)
akta.pro secondary industries
Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Resort & Branded Residence Vacation Rental Management (BPAJAIAE)

Keywords

  • Hotel investment services
  • Hospitality property management
  • Hotel franchise operations
  • Residential hospitality compounds
  • International brand affiliation

Where Amsa Hospitality is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices1 record

Markets served

Amsa Hospitality business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

  1. Hotel Investment and Management: Amsa Hospitality invests in hotel and residential hospitality properties, operating them under franchise agreements with international brands like Radisson. Revenue is generated through long-term lease agreements with property owners and operational management fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Amsa Hospitality product offering

Product offering

Core offering

Amsa Hospitality is a Saudi hospitality investment and management firm that acquires, leases, and operates hotel and residential hospitality properties under international franchise brands such as Radisson and Accor. It generates revenue through long-term lease agreements with property owners and operational management of branded properties, with a current portfolio that includes the Radisson Hotel Riyadh Airport and the Al Reef Residential Compound in Riyadh's Diplomatic Quarter.

Product overview

Amsa Hospitality operates as a unified hotel investment and management platform, launched in 2022 as a Saudi Arabian company. The company manages a portfolio of hospitality properties under international brands (particularly Radisson), offering hotel investment services, property management, and operational expertise. The core offering includes hotel and residential property management across Saudi Arabia, with projects such as the Radisson Hotel Riyadh Airport and the Al Reef Residential Compound.

Differentiator

Problem solved

Functional benefit

Products and services

  • Hotel Investment & Management Services End-to-end hospitality investment and management services covering hotel and residential hospitality properties, operated under international franchise brands and offered to property owners across Saudi Arabia.
  • Radisson Hotel Riyadh Airport A hotel property operated under the Radisson brand by Amsa Hospitality, serving business and leisure travelers in the vicinity of Riyadh's airport.
  • Al Reef Residential Compound A residential hospitality compound in Riyadh's Diplomatic Quarter comprising 240 units (176 apartments and 64 villas/townhouses) across 40,000 square meters, operated under the Radisson brand through a 20-year lease with Al Akaria.

Quantifiable outcome

  • Saudi Arabia reached 160 million visitors in 2024, exceeding Vision 2030 targets

Companies that use Amsa Hospitality

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Amsa Hospitality technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Amsa Hospitality partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered flagship and core.

  • Al Akaria (The Saudi Real Estate Company)flagshipStrategic or Co-development Partner · 1 March 2026Al Akaria, a Saudi real estate company, signed a 20-year lease agreement with Amsa Hospitality for the Al Reef Residential Compound located in Riyadh's Diplomatic Quarter. The project is valued at approximately SAR 1.2 billion over 20 years and spans 40,000 square meters with 240 residential units. Operations expected to commence in Q4 2026.
  • RadissoncoreChannel Partner/ Reseller/ DistributorAmsa Hospitality operates properties under the Radisson brand, providing international brand affiliation and operational standards for hotel and residential hospitality services in Saudi Arabia.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Amsa Hospitality competitors and assessment

Company assessment

Direct peers

  • Dur Hospitality: Saudi-listed hospitality investment and management company operating hotels and serviced apartments across the Kingdom. Highly comparable as a domestic peer pursuing hotel investment, residential hospitality, and Vision 2030-aligned growth in the same Riyadh/Saudi market.
  • Kingdom Hotel Investments: Saudi-focused hospitality investment and development company with a global hotel portfolio. Directly comparable as a Kingdom-based hotel investor/operator pursuing long-term growth tied to Saudi tourism expansion.

Broad incumbents

  • Emaar Hospitality: Hospitality arm of Emaar Properties, operating luxury and premium hotels, serviced residences, and lifestyle brands across the Middle East. Comparable as a regional hospitality operator combining investment, asset management, and branded residence operations like Amsa.
  • Accor: Global hospitality group operating 40+ brands across luxury, premium, midscale, and economy tiers with extensive Middle East presence. Comparable as Amsa's franchise partner and the underlying brand operator across multiple properties, while also being a broad competitor for management contracts.
  • Marriott International: World's largest hotel company with extensive luxury and premium brands (Ritz-Carlton, Marriott, Westin, etc.) and active expansion across Saudi Arabia. Comparable as a franchisor/competitor for management contracts in the same Saudi market Amsa targets.
  • Hilton Worldwide: Global hospitality company operating luxury through focused-service brands with rapid Middle East expansion. Comparable as a competitor for hotel management contracts and a potential franchise partner in the same Saudi hospitality growth cycle.
  • InterContinental Hotels Group (IHG): Global hospitality group with luxury (Six Senses, InterContinental) and mainstream brands and active Saudi Arabia expansion. Comparable as a major franchisor competing for management contracts in the same Vision 2030-driven pipeline.

Regional players

  • Rotana Hotel Management Corporation: Middle East-headquartered hotel management company operating a broad portfolio across the MENA region. Comparable as a regional asset-light hotel operator with similar branded-residence and management-fee business model in geographies adjacent to Saudi Arabia.
  • Kempinski Hotels: European-origin luxury hotel operator with a strong Middle East footprint, particularly in the GCC. Comparable as a regional luxury hotel operator with branded residences and management-fee model targeting the same HNW and corporate travel segments in Saudi Arabia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Amsa Hospitality social profiles

Digital presence

Amsa Hospitality financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Amsa Hospitality leadership team

Management profile

Number of profiles

Profiles7 records

Amsa Hospitality funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Amsa Hospitality M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amsa Hospitality

What does Amsa Hospitality do?

Amsa Hospitality is a Saudi hospitality investment and management firm that acquires, leases, and operates hotel and residential hospitality properties under international franchise brands such as Radisson and Accor. It generates revenue through long-term lease agreements with property owners and operational management of branded properties, with a current portfolio that includes the Radisson Hotel Riyadh Airport and the Al Reef Residential Compound in Riyadh's Diplomatic Quarter.

Is Amsa Hospitality a public or private company?

Amsa Hospitality is a private company. It is classified as unknown and is currently operating.

When was Amsa Hospitality founded?

Amsa Hospitality was founded in 2022. It employs 11 to 50 people.

Where is Amsa Hospitality based?

Amsa Hospitality is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Amsa Hospitality make money?

One revenue line is on record: hotel Investment and Management.

Who are Amsa Hospitality's main competitors?

Direct peers on record are Dur Hospitality and Kingdom Hotel Investments. Broad incumbents are Emaar Hospitality, Accor, Marriott International, Hilton Worldwide and InterContinental Hotels Group (IHG). Regional players are Rotana Hotel Management Corporation and Kempinski Hotels.

Does Amsa Hospitality have an API?

No public API is recorded for Amsa Hospitality.

What industry is Amsa Hospitality in?

Amsa Hospitality's product category is Hotel Investment and Management Services. Its primary akta.pro industry code is BPAJAGAG, Hospitality (Hotel) Property Management, with a secondary code of BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management. Its NAICS code is 72111 and its SIC code is 7011.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
EatnstaysAmsa Hospitality Announces AMSA VUE Leadership TeamAmsa Hospitality appointed Ehab Barghouth as General Manager and other leaders for AMSA VUE, a Radisson Individuals property in Riyadh's Diplomatic Quarter. The 240-unit residential hotel opens later this year, with appointments covering operations, sales, HR, and engineering.ZawyaAmsa Hospitality announces leadership appointments ahead of AMSA VUE openingAmsa Hospitality has announced four leadership appointments for the upcoming AMSA VUE property in Riyadh's Diplomatic Quarter, naming Ehab Barghouth as General Manager alongside three directors for sales, human resources, and engineering. The hotel, operating under Radisson Individuals, is scheduled to open later this year with 240 units including duplex residences, apartments, villas, and townhouses. The company, which manages over 10 hotel projects with more than 1,930 keys across Saudi Arabia, stated these appointments are essential to its growing portfolio aligned with Saudi Vision 2030.Hospitality NetAmsa Hospitality, Artal Hotels, and Hyatt Announce Memorandum of Understanding for Three Hotels in RiyadhAmsa Hospitality and Artal Hotels have signed hotel management agreements for three properties in Riyadh, with a memorandum of understanding between Hyatt and Artal Hotels for the properties to join Hyatt's brand portfolio. The agreements cover one new-build hotel and two brand conversions in Riyadh's Al Muhammadiyah, Al Sahafa, and Al Nafel districts, totaling approximately 300 rooms across three locations. All three properties are expected to open and operate under Hyatt brands by the end of 2026.ArabnewsHospitality boost for Riyadh and Qassim after Amsa inks deals with Radisson, AccorAmsa Hospitality signed agreements with Radisson and Accor to create nearly 400 hospitality units in Riyadh and Qassim. The Radisson project in Riyadh will deliver 240 villas and apartments for SR400 million, with a ribbon cut by end of 2026, while Accor's Palm Qassim hotel will open this year with 142 rooms.EatnstaysAmsa Hospitality CEO Muin Serhan Wins FHS Leadership AwardMuin Serhan, CEO of Amsa Hospitality, won the 2026 FHS Leadership Award at the summit in Riyadh. He received the highest score across four assessment areas, including leadership and contribution to Saudi Vision 2030. The award recognizes his role in developing properties like Radisson Hotel Madinah and The Palm Qassim.EatnstaysAccor and Amsa Hospitality Launch Handwritten CollectionAccor and Amsa Hospitality signed The Palm Qassim – Handwritten Collection, a 142-key hotel in Qassim, Saudi Arabia, scheduled to open in Q4 2026. It will be the first Handwritten Collection property in the Kingdom, featuring Najdi-inspired design and a central courtyard. The signing marks the brand's debut in Saudi Arabia, with Accor's pipeline in the country including 47 hotels.eyeofriyadh.comFHS Saudi Arabia Pre-event feature: hospitality investment outlookFHS Saudi Arabia, held 22-24 June in Riyadh, brings together investors and developers to discuss hospitality opportunities. The event generated over $1.6 billion in business opportunities, with 254 investors managing $5.61 trillion in assets. Experts highlight midscale and extended-stay segments as key investment areas amid Vision 2030-driven growth.ZawyaAmsa Hospitality appoints Mueen Lababidi as Corporate Director of OperationsAmsa Hospitality appointed Mueen Lababidi as Corporate Director of Operations, overseeing all operations across its growing portfolio. He will focus on pre-opening activities, systems implementation, and performance alignment, bringing experience with Address Hotels and Radisson. The appointment supports Amsa's expansion, including new hotel openings and a Riyadh residential project.eyeofriyadh.comAl Akaria Signs a Lease Agreement for Al Reef Residential Compound in the Diplomatic Quarter, Riyadh, with Amsa HospitalityAl Akaria (The Saudi Real Estate Company) has signed a 20-year lease agreement with Amsa Hospitality for the Al Reef Residential Compound located in Riyadh's Diplomatic Quarter. The project, valued at approximately SAR 1.2 billion over 20 years, will span 40,000 square meters and include 240 residential units (176 apartments and 64 villas/townhouses) operated under the Radisson brand, with operations expected to commence in Q4 2026.ArabnewsFrankly Speaking: How is the private sector coping with the Saudi tourism boom?Saudi Arabia's tourism industry has exceeded expectations by attracting 160 million travelers in 2024, surpassing its 2030 target of 150 million. Amsa Hospitality, a Saudi-founded hotel company, plans to expand from 770 to over 10,000 hotel keys, focusing on underserved regions and integrating sustainability and local identity.