The 210-room, 15 storey hotel is to be developed by Rayada Investment Company in the King Abdullah Financial District and is set to open in 2011.

“The Middle East is the logical next step for the Wyndham brand’s growth and we are excited to fill a need in one of the most important destinations in the region and in the world,” Eric Danziger, Wyndham Hotel Group president and CEO said in a statement on Sunday.

The hotel will have a Blue Harmony branded spa – only the second spa to open in Riyadh following the Al Faisaliah Hotel’s Sense Spa, which is set to open in March next year.

Wyndham Riyadh is the first hotel to be developed in the King Abdullah Financial District and, as such, the company hopes it will serve “a community of professionals who work in Saudi Arabia’s financial sector and related businesses”.

The hotel will have 129 king-bed rooms, 42 double-doubles, 23 executive rooms, 13 junior suites, two presidential suites and a royal suite.

The firm said the hotel will be owned by the Saudi Public Pension Agency and will open during the third quarter of 2011.