Wednesday, April 25, 2018

Saudi Arabia & Kuwait

Ascott expands footprint in Saudi Arabia
April 2017 697

The Ascott Limited (Ascott), the world’s largest serviced residence owner-operator, is strengthening its presence in Saudi Arabia with the opening of its latest luxury executive residence, Ascott Rafal Olaya Riyadh. In another development, Ascott signs a new property, Citadines Al Khobar in Al Khobar, and is expected to open in the Eastern Province of Saudi Arabia in 2018.

Ascott Rafal Olaya Riyadh will provide guests with luxurious lifestyle facilities, within an elegant environment and complete with efficient business support services. The property is aiming at short, medium and long-term visitors who want the luxury of an internationally branded hotel, with the flexibility and privacy of an apartment.

The 234-unit property is located close to King Abdullah Financial District – the city’s prime financial centre – and 15 minutes’ drive from Riyadh King Khalid International Airport, making it highly convenient for business travellers. The onsite business centre ensures executives have everything they require, from meeting rooms and AV equipment to secretarial and courier services.

Additional facilities include a residents’ lounge, prayer rooms, boutiques and a selection of restaurants and cafes. There is also an outdoor terrace, swimming pool, gymnasium, steam and sauna room, separate day spas for men and women and a children’s playroom.

Residents can select from well-appointed studio, one and two-bedroom apartments, tastefully designed with contemporary décor to exude a ‘home away from home’ feeling of warmth, elegance and luxury.

The spacious apartments are configured with fully equipped kitchens as well as separate living, dining and work areas. The property will also feature 24-hour reception, complimentary wi-fi, basement parking, airport transfers and daily housekeeping services.



Ascott continues to expand its footprint in the Middle East to capture a bigger share of the market, by unveiling plans to manage Citadines-branded property located in central Al Khobar in the Eastern Province of Saudi Arabia. 

Citadines Al Khobar will comprise 54 spacious, one-bedroom apartments with various layouts. Managed and operated by Ascott, facilities will include a breakfast area, residents’ lounge and fully equipped gym, making it an excellent choice for accommodation amongst business and leisure travellers.

Citadines Al Khobar is situated in central Al Khobar, in a highly sought after location between King Salman and Prince Fawaz streets on the 4th main street in Al Khobar Al Shamaliah, which offers numerous dining, shopping and leisure options.

With corporate business driven by Saudi Aramco, the world’s largest oil company being based in the Eastern Province, demand for high quality serviced apartments is on the rise. Other large companies located in Al Khobar such as Sumitomo and Al Rashid sustain a steady demand for short, medium and long term accommodation due to regular visits for meetings and missions in the city. Al Khobar is also considered Saudi Arabia’s most popular leisure holiday destination. Travel to the city from all parts of Saudi Arabia is very high during the holiday period, which is primarily driven by school holidays.

Saudi Arabia

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