Accor Hotel Services Middle East said on Monday it has signed management agreements with the Alesayi Group to operate two new Adagio Aparthotel properties in Saudi Arabia.
The 200-unit Adagio Aparthotel Jeddah Alesayi Plaza and the 150 unit Adagio Aparthotel Riyadh Dhabab will be developed next to upcoming ibis hotels, the company said in a statement.
Both properties are scheduled to open by 2017, the Middle East unit of European-based Accor added.
Christophe Landais, chief operating officer for Accor Hotel Services Middle East, said: "We are delighted to build on our fruitful relationship with the Alesayi Group and increase our Adagio Aparthotel portfolio in the kingdom to three properties.
"We are convinced that developing clusters of ibis and Adagio Aparthotel in Jeddah and Riyadh creates a winning combination of affordable short and long-stay offerings for these strategic locations."
The Adagio Aparthotel brand has more than 10,000 apartments in key European cities such as Paris, Berlin, Munich, Rome, Vienna, and Monaco and is aimed at capturing the extended stay market.
Sheikh Mohammed Omar Kassem Alesayi, group president and CEO, added: "It was a natural next step for us to develop the Adagio Aparthotel on our existing ibis sites with Accor, in line with our mission to bring affordable branded hotel facilities, offering quality we can rely on, to the kingdom."
Accor operates 15 hotels in Saudi Arabia and recently forged an exclusive alliance with the Alesayi Group to expand its ibis network, with a minimum of 10 properties.
Currently, Accor has seven properties in its Adagio Aparthotel portfolio in the Middle East, including Saudi Arabia, the UAE and Qatar, five of which are under development and one in operation, the Adagio Aparthotel Fujairah Town Centre.
Accor Middle East currently operates 65 hotels with more than 15,600 rooms in the region and has another 27 hotels under development, bringing the number of properties to 92.
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