Tourism & Hospitality | Monday 13 March, 2017 1:00 pm |

The 234-apartment luxury executive residence opened on 12th March 2017 in the financial heart of KSA’s capital

The Ascott Limited (Ascott), the world’s largest serviced residence owner-operator, is strengthening its presence in Saudi Arabia with the opening of its latest luxury executive residence, Ascott Rafal Olaya Riyadh.

The exclusive serviced residence will provide guests with luxurious lifestyle facilities, within an elegant environment and complete with efficient business support services. With a soft opening scheduled for March, Ascott Rafal Olaya Riyadh is an ideal choice for short, medium and long-term visitors who want the luxury of an internationally-branded hotel, with the flexibility and privacy of an apartment.  

The 234-unit property is located close to King Abdullah Financial District - the city’s prime financial centre - and 15 minutes’ drive from Riyadh King Khalid International Airport, making it highly convenient for business travellers. The onsite business centre ensures executives have everything they require, from meeting rooms and AV equipment to secretarial and courier services.

Additional facilities include a residents’ lounge, prayer rooms, boutiques and a selection of restaurants and cafes. There is also an outdoor terrace, swimming pool, gymnasium, steam and sauna room, separate day spas for men and women and a children’s playroom.

“We are delighted to welcome guests to Ascott Rafal Olaya Riyadh, our first serviced residence to open in the Saudi capital,” says Vincent Miccolis, Ascott’s Country General Manager, Middle East & Turkey. “The Ascott brand is renowned for providing attentive and highly personalised service which is exactly what travellers need to enjoy a hassle-free stay in this busy and dynamic city.”

Residents can select from well-appointed studio, one and two-bedroom apartments, tastefully designed with contemporary décor to exude a ‘home away from home’ feeling of warmth, elegance and luxury. 

The spacious apartments are configured with fully equipped kitchens as well as separate living, dining and work areas. The property will also feature 24-hour reception, complimentary Wi-Fi, basement parking, airport transfers and daily housekeeping services.

“As the capital city and commercial powerhouse of Saudi Arabia, Riyadh is a strategic destination for Ascott in the Middle East,” continues Miccolis.

“Ascott Rafal Olaya Riyadh is a key addition to KSA’s thriving hospitality sector, which is being fuelled by an influx of expatriate professionals who need high quality and flexible accommodation options. Increasingly efficient transport links also bring the capital within easy reach of the key religious cities of Makkah and Madinah.”     

Ascott Rafal Olaya Riyadh hotel apartments open on 12th March, located at 7706, Sahafa Olaya Street, Riyadh, KSA.

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has 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, making a total of more than 52,000 units in over 300 properties. The company operates three award-winning brands - Ascott, Citadines and Somerset, along with The Crest Collection and Lyf. Ascott’s portfolio spans more than 100 cities across 28 countries.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include DestinAsian Readers’ Choice Awards 2017 for ‘Best Serviced Residence Brand; World Travel Awards 2016 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2016 for ‘Best Serviced Residence Brand’; Business Traveller Middle East Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller UK Awards 2016 for ‘Best Serviced Apartment Company’; Business Traveller China

Awards 2016 for ‘Best Serviced Residence Brand’ and TTG China Travel Awards 2016 for ‘Best Serviced Residence Operator in China’. For a full list of awards, please visit www.the-ascott.com/ascottlimited/awards.html.