Shangri-La International Hotel Management Limited and Assila Investments today signed a contract for
the management and operation of a 236-room hotel and serviced residences
development in Jeddah, the second-largest city in Saudi Arabia and the principle
gateway to Mecca. Slated to open in early
2018 Shangri-La Hotel, Jeddah will be the first Shangri-La in Saudi Arabia and an
iconic landmark in the Middle East.
Shangri-La Hotel, Jeddah will be housed in a prominent
65-storey development located on Jeddah Corniche Road facing the Red Sea. The group will also manage and provide services
to the 122 apartments that range from two-bedroom apartments to the top floor
penthouse. Offering stunning views over
the water, the hotel will feature four restaurants, function areas totalling
2,118 square metres, luxury spa and fitness areas, a swimming pool, children’s
club and several lounges.
The building’s dramatic design, by global architecture and design firm
Perkins+Will, was the recipient of the 2009 MIPIM Architectural
Review ‘Future Project Award’ for ‘Best Tall Building’. The tower is situated perpendicular to the
shoreline to maximise water views and optimise solar exposure, and its exterior
‘skin’ features synthetic fabric architectural sails that shade the interior
spaces, protect balconies from wind, maintain privacy and house LED lights that
create a distinctive pattern over the surface of the building.
“We look forward to working closely and cohesively with Shangri-La and are
confident that they will manage the premium development to its maximum
potential,” said Abdullah Alissa, the CEO of Assila Investments.
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 CEO Greg Dogan. “Jeddah is
an important commercial hub being both a Saudi Arabian port city and the
country’s second largest city.”
About Assila Investments
(formerly known as MASC Holdings) is a diversified holding company with
multi-billion dollar interests across many industries, including banking, food,
hospitality and real estate. Assila Investments is a closed joint-stock company
owned by Mohammed Ibrahim Alissa and his family.
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