01 May 2016

Riyadh Real Estate Income Company has inked a contract with serviced residence owner-operator The Ascott to manage the Ascott Corniche Al Khobar, which is scheduled to open mid-2018.

The 172-unit Ascott Corniche Al Khobar will be located on Prince Turki Street within the city’s corniche area, which is home to a wide selection of restaurants, boutiques and shopping malls.

Ascott Corniche Al Khobar will comprise a stylish blend of studio, one-, two- and three-bedroom accommodation spread across 13 floors. Additional facilities will include a restaurant, reception and lobby, gym, sauna, steam bath, Jacuzzi and covered swimming pool, in addition to a business centre, cigar lounge and outdoor parking.

“We are delighted to sign the contract to develop Ascott Corniche Al Khobar which, upon its opening in 2018, will be the first branded serviced residence in the prime Corniche district,” said Tony Soh, chief operating officer, The Ascott Limited.

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• Update

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