The Ascott Limited has revealed its Middle East, Africa and Turkey expansion plans, with the lodging owner-operator on track to more than double its regional portfolio by 2025.
The company will add 1,856 units across 14 luxurious serviced residences by the end of 2022 and is on track to add more than 6,000 keys across its regional portfolio by 2025, hitting its 10,000-key target.
New properties of note will include Ascott’s third property in Dubai, set to open in Q3 2021. Citadines Culture Village Dubai will offer 81 spacious and sophisticated guestrooms, conveniently situated just minutes away from Dubai International Airport.
Ascott is also set to expand its footprint in the Kingdom of Saudi Arabia (KSA), adding 461 units by 2022. This expansion includes the opening of Citadines Al Aziziyah Al Khobar and Somerset Downtown Al Khobar, as well as the launch of Ascott’s first community villas property in the capital – Ascott Villas Riyadh – boasting 90 elegantly furnished two-, three- and four-bedroom villas. The company will also open Citadines Abha (pictured) offering 140 units with views of the Asir Mountains.
Oman is another growth market, with the upcoming Citadines Al Ghubrah Muscat offering 96 serviced apartments in the capital’s central business district, while in Turkey, Ascott aims to open a second property, Citadines Nivo Istanbul, at one of the biggest malls in the city, Mall of Istanbul.
It will offer 150 lavishly decorated one-bedroom units overlooking the Istanbul skyline.
In Qatar, the highly anticipated relaunch of Ascott’s 228-unit Somerset West Bay Doha will see the property make its mark as a home away from home for short- and long-stay families and business travellers.
Ascott is also opening three new properties in East Africa in 2021 and 2022, while Ascott’s first property in North Africa, the 123-unit Citadines Racine Casablanca, will open its doors early next year.
