Ascott Opens Its First Serviced Residence In Saudi Arabia

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Time: July 10, 2018

Ascott Tahlia Jeddah opens its doors

Dubai, United Arab Emirates, 22 September 2015 – CapitaLand’s wholly owned serviced residence business unit and world’s leading serviced residence owner-operator, The Ascott Limited (Ascott), has opened its first serviced residence in the Kingdom of Saudi Arabia, recently welcoming its first guests.

Mr Vincent Miccolis, Ascott’s Area General Manager for the GCC region, said: “We are delighted to welcome our first guests to Ascott Tahlia Jeddah. Its quality facilities and modern design coupled with Ascott’s award-winning hospitality will set the benchmark for serviced residences in the region.”

“The opening of Ascott Tahlia Jeddah marks a key milestone for Ascott. It is the first of five Ascott serviced residences to be launched in Saudi Arabia. Ascott Tahlia is the first international branded serviced residence to open in Jeddah, and this will be followed by Ascott Sari Jeddah and Citadines Al Salamah Jeddah later this year. We will also open Ascott Rafal Olaya Riyadh in 2016 and Somerset Corniche Jeddah in 2017,” said Mr Miccolis.

Ascott Tahlia Jeddah

Situated along Tahlia Street, Jeddah’s main commercial avenue, Ascott Tahlia is just minutes from major business areas and landmark office towers, home to banks, finance houses and consulates.

An ideal location for city living, residents will enjoy easy access to multinational companies, fashion boutiques, restaurants and cafés. Comprising 20 floors of unparalleled luxury, Ascott Tahlia offers spacious studio, one-, two- and three-bedroom apartments, including four penthouses. Each apartment features well-defined living and dining areas, as well as fully-equipped kitchens and modern amenities. The serviced residence also offers an array of lifestyle facilities such as a swimming pool, gymnasium, children’s playroom, guest lounge, restaurant and coffee shop.

For additional information or bookings, please visit

About The Ascott Limited

The Ascott Limited is a Singapore company that has grown to be the world’s largest international serviced residence owner-operator. It has over 27,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Gulf region, as well as over 15,000 units which are under development, making a total of more than 42,000 units in over 270 properties.

The company operates three award-winning brands – Ascott, Citadines and Somerset. Its portfolio spans 94 cities across 26 countries, 24 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2014 for ‘Leading Serviced Apartment Brand’ and ‘Leading Serviced Apartments’ in Belgium, France, Germany, Indonesia, the Philippines, Singapore, Thailand and Vietnam, Business Traveller Middle East Awards 2015 for ‘Best Serviced Apartment Company Middle East’, Business Traveller Asia-Pacific Awards 2015 for ‘Best Serviced Residence Brand’, Business Traveller UK Awards 2014 for ‘Best Serviced Apartment Company’, Business Traveller China Awards 2014 for ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’, TTG China Travel Awards 2015 for ‘Best Serviced Residence Operator in China’ and DestinAsian Readers’ Choice Awards 2015 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit

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About CapitaLand Limited

CapitaLand is one of Asia’s largest real estate companies headquartered and listed in Singapore.  The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services.  Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes.  Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets.  The company also has one of the largest real estate fund management businesses with assets located in Asia.

CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust.

This article was first published in The ASCOTT

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