Emaar Hospitality Group, the hospitality and leisure subsidiary of Dubai-based Emaar Properties, says it plans to develop a hotel and serviced residences project in Jeddah.
According to a company statement, Emaar will develop a 14-storey Vida Jeddah Gate hotel tower as well as a 25-storey Vida Residences in the same masterplanned community.
Vida Jeddah Gate
The project will be in close proximity of the Al-Haramain Express Train Station and will be located near the headquarters of major banking institutions and the Jeddah Chamber of Commerce and Industry. The development is also near the main railroad linking the two holy cities of Mecca and Medina.
Developed by Emaar Middle East, Jeddah Gate is located on a 400,000-square-metre plot of land in Jeddahs new downtown area. Emaar has already handed over homes in the first residential project, Abraj al-Hilal 1.
Last month, MEED reported that Emaar Hospitality Group plans to open 35 new hotels and serviced residences in Dubai, the UAE and international markets.
The properties will be managed by its three brands: The Address Hotels & Resorts, Vida Hotels & Resorts, and Rove Hotels.
The expansion plans includes opening new properties in Dubai, as well as new management contracts to operate hotels and serviced residences in Fujairah in the UAE and Saudi Arabia. Emaar has also signed management deals for upcoming hotels and serviced residences projects in Bahrain, Turkey and Egypt.