Ascott signs second serviced residences in Al Khobar
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
The Ascott Limited (Ascott) has continued its expansion in Saudi Arabia with the signing of its second serviced residences – Ascott Corniche Al Khobar.
The signing event was held in Riyadh along with representatives from Ascott and the owner, Riyadh Real Estate Income Company. Both parties inked a management contract which puts the project on track for opening in mid-2018.
The 172-unit Ascott Corniche Al Khobar will offer studio, one-, two- and three-bedroom accommodation spread across 13 floors. Additional facilities will include a restaurant, reception and lobby area, gym, sauna, steam bath, Jacuzzi and covered swimming pool, in addition to a fully-equipped business centre, cigar lounge and ample outdoor car parking.
“We are delighted to sign the contract with Riyadh Real Estate Income Company to develop Ascott Corniche Al Khobar which, upon its opening in 2018, will be the first branded serviced residence in the Corniche district,” said Tony Soh, chief operating officer, The Ascott Limited.
The property will cater for short-term or long-stay guests looking for flexibility to do business in Al Khobar or explore the city at leisure.
Comments are closed.