Patel Family Office and AHQ sign $1bn deal to establish hospitality platform

Patel Family Office and Abdel Hadi Abdullah Al-Qahtani & Sons (AHQ) have signed a $1bn agreement for establishing AYARA, a hospitality platform focused on developing 50 business hotels in Saudi Arabia by 2029. The agreement was signed at the FII PRIORITY Summit in Miami, a global leadership event. Ayara aims to address Saudi Arabia’s growing need for reliable, standardised mid-market business accommodation amid ongoing Vision 2030 economic diversification efforts. Patel Family Office will collaborate w ...