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Hospitality group Cheval Collection’s new $80-million luxury serviced apartments in Riyadh, Saudi Arabia, will break ground this year, with construction due for completion in 2027.
Ladun Investment Company signed a partnership agreement with award-winning hospitality group, Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living - a tower featuring luxury hotel apartments situated on King Fahd Road (near King Abdullah Financial Center) in Riyadh. The signing took place during the prestigious Future Hospitality Summit held in Riyadh from April 29 to May 1, 2024.
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The group currently operates nine serviced apartment properties in London, as well as three in Edinburgh and the recently opened Cheval Maison – The Palm…
The year 2024 will see the opening of 31 new hotels in Dubai, while 2025 is expected to add 16 new hotels to the mix. This translates to a cumulative total of 851 by the end of 2024 and 867 by the end of 2025, a new report from Cavendish Maxwell says.