Salahuddin Hotel Returns to the Spotlight
In a landmark real estate deal witnessed in the Saudi capital, the Salahuddin Hotel—one of the oldest hotels in Riyadh and one most closely associated with the local community—has been transferred to new owners after being sold for over 170 million Saudi Riyals.
This took place during a public auction organized by the Enforcement and Liquidation Center (Infaz), affiliated with the Ministry of Justice. This marks the beginning of a new era for the hotel after decades of service.
Salahuddin Hotel .. A Strategic Location and an Exceptional Deal
The hotel is located in King Salman District, one of the most vibrant and promising neighborhoods in Riyadh, directly overlooking King Abdulaziz Road.
The hotel covers an area of more than 11,000 square meters, with an average price per square meter of approximately 15,000 Saudi Riyals, reflecting its important location and investment value.
This deal is part of a series of real estate auctions supervised by Infaz, as part of its efforts to empower the private sector and stimulate the business environment.
A Legacy Hotel Since the 1970s
Established in the early 1970s, the Salahuddin Hotel was one of the first major hotels in Riyadh.
It was distinguished by its classic architectural style and its upscale hotel services, which were rare at the time.
For many years, the hotel served as a destination for official delegations and a preferred venue for prominent figures from within and outside the Kingdom.
The hotel has hosted numerous political and economic events, as well as social occasions and conferences, giving it a distinct presence in the memories of the capital’s residents, who associate it with special and historical moments in the city’s life.
Part of the Urban Transformation of Vision 2030
This deal is part of the comprehensive urban transformation taking place in Riyadh, as part of the goals of Saudi Vision 2030, which seeks to redevelop old sites and transform them into modern projects that enhance the quality of life and stimulate investment in the real estate and tourism sectors.
The hotel is expected to be developed or rehabilitated to align with ambitious plans to transform Riyadh into one of the world’s largest economic and tourism capitals.
Reactions and Anticipation for the Hotel’s Fate
News of the hotel’s sale has been widely circulated on social media, with many Riyadh residents expressing their feelings about this historic landmark, ranging from nostalgia for its rich past to optimism for its new future.
Many are wondering about the identity of the new investor, their plans for the site, and whether the hotel’s heritage character will be preserved or whether it will be completely redeveloped to meet modern international hotel standards.
“Salahuddin”… From Past to Future
With its departure from its previous ownership, the Salahuddin Hotel begins a new chapter in its long history, amid hopes that it will continue to play a pivotal role in Riyadh’s urban and economic landscape, whether as a renovated hotel or a modern investment project that reflects the ambitions of a constantly evolving city.
