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Saudi Arabia: Luxury hospitality group Cheval Collection has signed an agreement with Ladun Investment Company to open a second site in Riyadh.
Set to open in 2028, the new-build property will operate under the Cheval Maison brand. It will feature approximately 150 apartments ranging from studios, one, and two-bedroom units.
Amenities will include a gym and pool with public memberships available, along with several F&B venues.
Mohammed Alawadhi, managing director of Cheval Collection, said: “We are delighted to partner with Ladun Investment Company, combining their local knowledge with our expertise on this outstanding project. Their decision to collaborate with us on a second property is a testament to the strength of our brands internationally and the dedication of our team.
“We’ve witnessed a rising demand for serviced apartments across Saudi Arabia, and this agreement highlights the advantages of working with a company that brings decades of proven expertise in both operations and ownership. We understand the mindset of owners and are able to deliver the flexibility that they need.”
Hassan Al Hazmi, CEO of Ladun Investment Company, said: “[We] are committed to creating pioneering real estate and hospitality projects that enhance quality of life and enrich the hospitality experience in Riyadh. Our partnership with Cheval Collection reflects a model of international collaboration built on trust and expertise, and demonstrates our shared commitment to delivering projects that befit the capital’s growing stature.
“This is a remarkable moment for growth in Saudi Arabia, and we’re proud to support the Kingdom’s Vision 2030 strategy, which promotes progress through tourism. We share its fundamental values of luxury, innovation, and sustainability.”
Cheval Maison – Sulaymaniyah will join Cheval’s growing regional portfolio, which includes: Cheval Maison – The Palm Dubai, Cheval Maison – Expo City Dubai and Cheval Ladun Living, the latter on track to open in 2027 and also owned by Ladun Investment Company.
Highlights:
- Cheval Collection has signed its second serviced apartment project in Riyadh, partnering again with Ladun Investment Company.
- The new-build Cheval Maison – Sulaymaniyah will open in 2028 with around 150 studio, one- and two-bedroom apartments.
- Facilities will include a gym, pool with public memberships, and multiple F&B outlets.
- It joins sites in Dubai and another Riyadh project opening in 2027.
