Accor launches luxury serviced residences by Fairmont in Saudi Arabia [Infographic]
Signing off on the new partnership for luxury serviced apartments in Riyadh.
Accor’s luxury brand Fairmont is set to work with Naif Alrajhi Investment Company to create the first luxury residences under the brand in Saudi Arabia.
Fairmont Hotels & Resorts has announced the launch of their first luxury serviced long-stay apartments in Riyadh. The Fairmont Ramla Serviced Residences will be developed in partnership with Naif Alrajhi Investment Company.
Haven for business and leisure
Slated to open by 2020, the property will boast 249 serviced residences including one-, two- and three-bedroom units as well as four-bedroom penthouses.
Mark Willis, chief executive officer at Accor Middle East and Africa, said this about the project: “As Saudi Arabia further strengthens its economy, there is greater demand for luxury long-stay accommodation with amenities and services catering for both leisure and business travellers.”
“The launch of Fairmont’s serviced residence concept is aimed to help bridge this gap in the market,” Mr Willis elaborated.
A strong brand
Naif Saleh Alrajhi, Chairman and Chief Executive Officer of Naif Alrajhi Investment, commented: “Fairmont Ramla Serviced Residences, Riyadh symbolizes the start of an important and fruitful relationship with Accor. We are delighted to partner with Accor and their unparalleled presence in Saudi Arabia, to further expand and diversify our real estate portfolio through the launch of the region’s first standalone Fairmont serviced residences.”
“We are confident that the property will become an unforgettable landmark luxury destination in the Kingdom through its services, dining options and bespoke amenities,” Mr Alrajhi went on to say.
Apart from the residences, the development will also feature a “food and beverage plaza” with three specialty dining concepts.
The project will also include a cinema room, lounge and kid’s play area, making it the ideal destination for families travelling with children.
According to the TOPHOTELCONSTRUCTION online database, 148 hotel projects are currently in the pipeline in Saudi Arabia:
Let’s take a look at a few more hotel projects by Fairmont Hotels & Resorts:
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