Ascott expands the Citadines brand into the Gulf Region
Two Citadines Apart’hotels to open in Jeddah, Saudi Arabia by 1Q 2014
Singapore, 3 June 2013 – CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), is introducing the Citadines brand to the Gulf region. Starting in Jeddah, the 166-unit Citadines Tahlia Jeddah and the 136-unit Citadines Al Salamah Jeddah are expected to open within the first quarter of 2014. The management contracts are awarded by the Abdul Samad Al Qurashi Group, one of the leading conglomerates in Saudi Arabia with operations throughout the Gulf region and in Europe.
The addition of the two new serviced residences will increase Ascott’s portfolio in the Gulf region to more than 1,500 serviced apartment units across nine properties in Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
“Jeddah is also a popular destination for domestic and foreign leisure