Assila Investments ink contract with Shangri-La
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Shangri-La International Hotel Management Limited and Assila Investments recently signed a contract for management and operation of a 236-room hotel and serviced residences development in Jeddah.
The new property is slated to open in early 2018 and Shangri-La Hotel, Jeddah will be the first Shangri-La in Saudi Arabia.
The group will also manage and provide services to 122 apartments that range from two-bedroom apartments to top floor penthouse. The hotel will also feature four restaurants, function areas, luxury spa and fitness areas, swimming pool, children’s club and several lounges.
“We look forward to working closely and cohesively with Shangri-La and are confident that they will manage premium development to its maximum potential,” said Abdullah Alissa, CEO of Assila Investments.
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