Riyad Capital -the fund manager- announced signing an agreement between Riyad REIT and Marriott International to operate its Burj Rafal Hotel in Riyadh under the name JW Marriot Riyadh. The operation of the hotel will be handed over to Marriott in first quarter of 2020. The hotel will undergo an improvement plan which includes the introduction of new dining concepts such as Kahwet Al Mandaloun and JW Grill. Following the renovation period, which is expected to be completed this year, the property will be rebranded as -a JW Marriott Hotel Riyadh- marking the debut of the brand in Saudi Arabia. Working with JW Marriott to operate the asset a luxury brand of one of the large hotel operators will deliver an unprecedented level of service and accommodation in Riyadh given the hotels diversified amenities and location. The hotel will represent the hospitality element within the master plan of the future project -Capital Gate- that will be developed through Riyad Capital The fund manager of Riyad REIT. -Capital Gate- will offer more than 100,000 square meters of office, retail, and entertainment space that will be connected to the Hotel offering a true mixed use atmosphere.