Holding company to open 15 new AccorHotels in Saudi Arabia

The Jeddah, KSA-based Alesayi Group holding company is extending its partnership with AccorHotels to open at least 15 new Adagio aparthotels in Saudi Arabia, to be developed over the next five years.

The partners have agreed upon five of the Adagio aparthotel projects, which will be developed in Jeddah, Riyadh, Madinah and Jizan, with construction of the first hotel expected to start by the end of 2015.

Hotelier Middle East notes that the agreement follows the strategic alliance formed between the two companies for a minimum of 10 ibis hotels in Saudi Arabia, signed in October 2013. Eight ibis hotels have been already secured in cities such as Riyadh, Jeddah, Makkah, Jizan and Al Khobar totalling over 2000 rooms.

The Adagio aparthotel brand  was launched last year in the Middle East. AccorHotels has opened four Adagio aparthotels in the UAE and Qatar to date, with ten more under development in the region.