The Ascott has announced plans to open 16 properties across the Middle East, Africa and Türkiye (MEAT) by the end of 2028, expanding its regional portfolio as the hospitality group targets 15,000 units by 2030, at Arabian Travel Market (ATM) 2026.
Two properties
comprising 176 units are scheduled to open before the end of 2026.
These include the
86-unit Ascott Villas Riyadh, the group’s first villa community in Saudi
Arabia, and the 90-unit waterfront Citadines Sharq Kuwait, marking Ascott’s
entry into Kuwait.
The developments are
designed to address market-specific demand and evolving guest preferences.
In 2027, Ascott plans
to strengthen its African presence with the 130-unit Citadines Bab Tangier in
Morocco, while further expanding in Saudi Arabia with Citadines City Centre Al
Khobar.
The group is planning
nine additional openings across the region in 2028. Key projects include Al
Theeb Tower by The Crest Collection in Riyadh, featuring 211 apartments, and
the 539-unit Al Mahra Resort by The Crest Collection in Ras Al Khaimah, UAE.
Vincent Miccolis,
Managing Director for the Middle East, Africa and Türkiye at The Ascott
Limited, says: “The resilience of our operating model has been particularly
evident through recent market disruption, with occupancy across our regional
portfolio exceeding 70% in early 2026. For us, that reinforces both the
strength of demand for flexible accommodation and our confidence in the
long-term fundamentals of the region.
“We see significant
growth potential across markets including the UAE, Saudi Arabia and Morocco,
however our approach is not simply about adding more properties. It is about
identifying where the strongest opportunities exist and matching the right
brand, operating model and partnership to each market and development. As we
work towards our regional growth target, that disciplined approach will remain
central to how we expand.” -TradeArabia News Service