The Ascott Limited (Ascott) is strengthening its Saudi Arabia portfolio with the opening of its anticipated Ascott Corniche Al Khobar property, marking its sixth operational residence in the Kingdom.

The 172-unit property is located on Prince Turki Street and is easily accessible by footpath to the Corniche.  

“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,” says 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 furnished studio premier, one-bedroom executive, one-bedroom premier and two-bedroom premier apartments alongside luxury three-bedroom penthouses. Additional facilities include a fully-equipped business and events center, a dining area, lounge, fitness centre, swimming pool, and children’s playroom, among other facilities. 

As part of the overall vision set by Riyad REIT, Ascott Corniche Al Khobar will house Al Mandaloun restaurant and lounge in two key outlets within the asset – capitalizing on Prince Turkey road and the spectacular views of the city and Khobar Corniche.  Al Mandaloun restaurant and lounge is currently in the design stage and it is set to be completed by Q3 2020.The combination of one of the largest luxury Serviced Apartment operators, an iconic property, and dining options incorporating new lifestyle trends, achieves our objective of positioning a high-lifestyle destination in Al Corniche area of Al Khobar. 

Ascott is poised to become one of the largest international lodging operators in the region, with 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.