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Trellows Investments

Call +44(0)330 2236988
[email protected]

Call +44(0)330 2236988
[email protected]

Luxury 5 Star Hotel in Riyadh

Property Summary

HOT 5***** is an operational mixed-use development on Olaya Street in Al Sahafa Quarter in North Riyadh featuring
▪ Luxury Residential Apartments
▪ Serviced Apartments
▪ Commercial Amenities (Restaurants, Cigar Lounge, Multipurpose Hall, Juice Bar and Lobby Lounge)
▪ The project has a total of 406 units (apart from Commercial Amenities)

Full Details

5***** Hotel is an operational mixed-use development on Olaya Street in Al Sahafa Quarter in North Riyadh featuring
▪ Luxury Residential Apartments
▪ Serviced Apartments
▪ Commercial Amenities (Restaurants, Cigar Lounge, Multipurpose Hall, Juice Bar and Lobby Lounge)
▪ The project has a total of 406 units (apart from Commercial Amenities)

The construction of the project is complete and occupancy permit was obtained in December 2016
• The project is an attractive acquisition target as it is an income generating operational asset
• The property is a high end development comprising of 4 star Serviced Apartments, Residential Apartments, Restaurants, Cigar Lounge, Multipurpose Hall and Health Clubs
• Commercial Amenities will be leased to 3rd party operators.
• KSA Limited, a leading international serviced residence owner-operator is the operator for Serviced Apartments
• Serviced Apartments, which are available for sale/lease, are stable cash generating assets
• The unit occupancies are expected to stabilize by 2021, ensuring strong cash flow generation

Separated entrance for hotel with 24/7 reception and lounge
• Separated entrance for Residential apartments with 24/7 reception
• Gym on the 2nd floor (for Men)
• Swimming pool on the 2nd floor (for Men)
• Gym and a Lounge on the rooftop with a panoramic view (for Women)
• Swimming pool on the rooftop with a panoramic view (for Women)
• 2 Kids play area
• Business Center
• Meeting rooms

Asking price SAR280,000,000

Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.

In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.

Office: +44(0)330 2236988
[email protected]
investments.trellows.com

#investments #developments #residentialdevelopments #residentialinvestments #trellows #trellowsinvestments

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Ahmed Ghalal
Ahmed Ghalal
10 months ago

Flying over to view tomorrow.