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A rendering of The Ascott Villas Riyadh.

Ascott signs deal for new serviced villas project in Riyadh

RIYADH, July 26, 2016

Ascott, a leading service residence owner-operator, is looking to expand its operations in Saudi Arabia with plans for The Ascott Villas Riyadh.

Ascott and Bathel Alkhair Establishment for Trading and Real Estate recently inked a management contract, putting the project on track to open by November 2017.

Vincent Miccolis, Ascott’s country general manager for the GCC region, announced that the 92-unit five-star serviced villas would be the group’s landmark and exclusive offering in the Saudi capital.  It will also strength Ascott’s position as the leading serviced residence operator in Saudi Arabia, with 980 units in seven properties across three cities.

Located in the prestigious Hittin district, north of Riyadh, with easy access to the city’s key business and leisure landmarks, the property will boast a new type of serviced residence experience, combining luxuriously furnished villas with Ascott’s award-winning hospitality service. The Ascott Villas is located close to the upcoming King Abdullah Financial District (KAFD), which has been billed as Riyadh’s new central business district and is the future home of the Saudi Stock Exchange, Capital Markets Authority and a host of other financial and professional services firms.

The property is well connected to all parts of Riyadh, with easy access via King Fahd Road and the Northern Ring Road. It is also less than a five minute-drive from the upcoming metro station at KAFD.

“Once the refurbishment and conversion of property is completed, The Ascott Villas Riyadh will feature fully equipped serviced luxury villas and dedicated business and leisure facilities, including a business centre, fully equipped gym, swimming pool, squash and tennis courts, restaurant, residents’ lounge, and children’s playground.
Located in one of Riyadh’s most sought-after areas, near luxury residences and palaces of some of Riyadh’s most prominent business and government personalities, the property will offer an unrivalled lifestyle, amidst a variety of fashionable shopping centers, premium branded restaurants, and trendy cafes,” added  Miccolis.
 
Ascott has another property in Riyadh, the 234-units ‘Ascott Rafal Olaya Riyadh’, which is due to open in the latter part of 2016. - TradeArabia News Service




Tags: Saudi | villas | Riyadh | Arabia | Ascott |

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