Ascott deepens Gulf footprint with Jeddah properties

ASCOTT will debut two new serviced residences in Jeddah early next year, having secured management contracts for Citadines Tahlia Jeddah and Citadines Al Salamah Jeddah.

The two contracts add 1,500 serviced apartment units to Ascott’s Gulf portfolio and are awarded by the Abdul Samad Al Qurashi Group, a Saudi Arabia-based conglomerate with operations in the region.

The 166-unit Citadines Tahlia Jeddah is located along Tahlia Street and close to many MNCs and Le Mall, a prominent shopping centre. It offers a range of studio to two-bedroom apartments.

The 136-unit Citadines Al Salamah Jeddah is situated north of Jeddah, 15 minutes away from the King Abdulaziz International Airport and close to Iceland Theme Park and Stationary Fantasies Water Park. Residents can choose from either a studio or one-bedroom apartment.

Apartment units at both serviced residences come with fully-furnished kitchens, living and dining areas and home entertainment systems. Other amenities include a residents’ lounge, café and gym.

Sym Lee, head for the Gulf Cooperation Council (GCC), Ascott, said Jeddah was “poised to be one of the region’s key cities for commerce”.

“Jeddah is also a popular destination for domestic and foreign leisure travellers. For the many Muslims pilgrims, Jeddah acts as the gateway city to the two holy cities, Mecca and Medina…We are confident that both Citadines Tahlia Jeddah and Citadines Al Salamah Jeddah will perform well in the market and they will pave the way for more Citadines serviced residences in the region.”

Ascott had last month unveiled the Ascott Olaya Riyadh, which is scheduled to open in 2015 (TTG Asia e-Daily, May 21, 2013).

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