Ascott opens Al Khobar property

George Sell George Sell Uploaded 15 January 2020

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KSA: The 172-key Ascott Corniche Al Khobar has opened, the sixth Ascott property in the Kingdom.

Centrally located on Prince Turki Street, the property has easy transport links to and from the residence; the city’s main business boulevard, King Fahd Road, is in proximity and Al Khobar-Bahrain causeway is a 10-minute drive away.

“Ascott Corniche Al Khobar is destined to appeal to a broad spectrum of short and long-term guests alike, who seek the comfort and privacy of an apartment with the added sophistication of international-standard hotel services,” said Vincent Miccolis, regional general manager for Middle East, Africa, Turkey and India. “As we expand our Saudi Arabia property portfolio, we are setting new benchmarks for quality and contemporary accommodation in key destinations across the Kingdom.”

Ascott Corniche Al Khobar offers studio premier, one-bedroom executive, one-bedroom premier and two-bedroom premier apartments alongside three-bedroom penthouses. Additional facilities include a fully-equipped business and events centre, a dining area, lounge, fitness centre, swimming pool, children’s playroom, guest lounge and prayer room.

Abdulaziz Al Mousa, Riyad REIT fund manager said: “We are happy to announce the opening of Ascott Corniche Al Khobar – one of the key serviced apartment products in the Eastern Region. The asset is the first property to be developed by a Saudi REIT and was built on professional standards, ultimately raising the bar for hospitality product offerings in Saudi Arabia."

Ascott plans to add a further 779 keys across five other KSA properties by the end of 2020 and is on track to double its portfolio in the Middle East to 5,000 units in the next 12 months.

Expanding its footprint in the Middle East, Africa and Turkey, the group currently has 25 properties in 11 cities, under management and franchise agreements. This comprises pipelined projects set to open in 2020, including Citadines Al Ghubrah Muscat, Ascott Villas Riyadh, Somerset City Centre Atyrau, Kazakhstan, Citadines Maslak Istanbul as well as Citadines Culture Village in Dubai, UAE.

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