Al Khozama Management Company (Al Khozama), Saudi Arabia’s major luxury commercial property development, management and investment company, signed agreements with Al Fahd Investment Company to manage two new upmarket hospitality properties in Alkhobar - the 5-star deluxe Al Faisaliah Hotel & Spa and the Al Khozama Residence.
The Al Faisaliah Hotel & Spa will open in 2016. Owned by Al Fahd Investment and managed by Al Khozama, Al Faisaliah Hotel & Spa will offer business and leisure guests with 240 rooms and suites, two restaurants and meeting facilities complemented by a state-of-the-art business center.
Al Khozama Residence, located adjacent to the Al Shubaili Grand Mall, will offer 150 serviced apartments with both short- and long-term availability.
“The new properties in Alkhobar add yet another dimension to our hospitality management portfolio," said Prince Bandar bin Saud bin Khalid, chairman of Al Khozama. "We are delighted to partner with Al Fahd Investment Company on these landmark projects.”
Al Khozama also manages the Al Shohada Hotel in Makkah and Bay La Sun Hotel & Marina in King Abdullah Economic City, north of Jeddah. Al Khozama owns its flagship Al Faisaliah Hotel and the Al Faisaliah Suites in Riyadh.