Accor, a leading global hotel group, is expanding its presence in the Saudi capital with the signing of a 170-room apartment, the first-ever Novotel Living in Riyadh. The new building is scheduled to open in 2026.
The group, with over 420 hotels in India, Middle East, Africa and Turkey, continues to expand its partnership with Al Raya Estate Group, a pioneer in real estate development and investment in Kuwait and GCC, with whom Accor will open Swissotel In Live in Jeddah shortly.
Accor currently operates 40 hotels in the Kingdom of Saudi Arabia (15,173 rooms) with 33 more hotels (7,549 rooms) in the pipeline.
Second serviced apartments project
“Al Raya Real Estate is delighted to launch its second serviced apartment development in the Kingdom in partnership with our operating partner Accor. We believe that the market for quality serviced apartment products offers a great opportunity. The ambitious vision of doubling the population of Riyadh and making it one of the 10 best performing cities in the world by 2030 is a key factor why we have selected Riyadh to develop a world-class long-term stay project under the Novotel brand to develop living. said Fahad Al-Alloush, CEO of Al Raya Real Estate.
The Novotel Living Riyadh is strategically located just off King Fahd Road, Riyadh’s main thoroughfare that connects all corners of the city. Additionally, guests traveling for business or leisure will benefit from convenient proximity to King Abdullah Financial District, an iconic business and lifestyle district in the heart of Riyadh, and Digital City.
“We are delighted to expand our presence in the Kingdom and add Novotel Living Riyadh to our extended stay portfolio,” said Mark Willis, CEO of Accor India, Middle East, Africa and Turkey. “Indeed, we are seeing increasing interest in long term stay deals in the Kingdom from both guests and investors and are confident that the Novotel Living Riyadh will set the benchmark for its segment in the market.”
Unique interior concept
With the unique interior concept designed by the Sundykovy sisters, Novotel Living Riyadh will be a mix of studio, one bedroom and two bedroom apartments, a main restaurant with indoor and outdoor seating, a clubhouse and a Grab & Go concept for meetings offer rooms, fitness center and swimming pool.
Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).