Shangri-La has signed a management contract with Assila Investments to operate a 236-room hotel and serviced residences development in Jeddah, slated to open in early 2018.
The first Shangri-La property in Saudi Arabia, Shangri-La Hotel, Jeddah will be housed in a 65-storey development located on Jeddah Corniche Road facing the Red Sea.
The tower has been designed by architects Perkins+Wills.
As part of the contract, Shangri-La has also agreed to manage 122 serviced apartments that offer a number of room configurations, ranging from two-bedroom residences to the top floor penthouse.
The entire development will offer a number of facilities, including four restaurants, function areas totalling 2,118 sqm, a spa and fitness area, swimming pool, children’s club and several lounges.
“By partnering with such a respected investor as Assila, who clearly supports our growth strategy, we are taking a significant step in strengthening our brand in the Middle East region,” said Shangri-La president and chief executive Greg Dogan.
“Jeddah is an important commercial hub being both a Saudi Arabian port city and the country’s second largest city.”
For more information, visit shangri-la.com