AccorHotels strengthened its partnership with the Alesayi Group a Saudi Arabian conglomerate, with a signature to develop at least 15 new Adagio aparthotels over the next five years in Saudi Arabia.
Five of the Adagio aparthotel projects have already been agreed upon and will be developed in Jeddah, Riyadh, Madinah and Jizan, with construction of the first hotel expected to start by the end of 2015.
AccorHotels currently has 32 properties under development across Saudi Arabia, bringing an additional 9,000 rooms and raising AccorHotels’ portfolio closer in line with its target of 50 hotels in the Kingdom. In the Middle East, AccorHotels has 125 properties in operation and under development with close to 32,000 rooms.
Speaking at the signing ceremony in Jeddah, Jean-Jacques Dessors, Chief Operating Officer of AccorHotels Mediterranean, Middle East & Africa, commented: “We are delighted to be partnering once again with Alesayi Group, led by Sheikh Mohammed Omar Kassem Alesayi, who shares our vision and commitment to Saudi Arabia. We look forward to developing our Adagio brand with them and extending our long and fruitful relationship. Saudi Arabia is a key market for us in the Middle East, and we are extremely proud to have 50 hotels committed in the Kingdom.”