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