The Ascott Limited has unveiled plans to manage the Citadines-branded property located in central Al Khobar in Saudi Arabia.
Citadines Al Khobar will comprise 54 one-bedroom apartments with various layouts.
Managed and operated by Ascott, facilities will include a breakfast area, residents’ lounge and fully equipped gym.
Ascott country general manager of Middle East and Turkey Vincent Miccolis said: “We are delighted to have signed an agreement to manage Citadines Al Khobar.
“Saudi Arabia remains a highly significant growth market and this latest signing will not only expand our presence but also reinforces our leadership position in the Middle East.”
The Ascott Limited is a Singapore company with over 30,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Middle East as well as over 22,000 units which are under development,