Kingdom Holding Company (KHC) has revealed the development of the second Four Seasons Hotel Riyadh at “Kingdom Oasis”
The luxury, 43 room property Four Seasons property will offer a variety of food and entertainment, a full service spa and fitness centre.
The open air water front promenade and lakeside pathways will be the Resort circulation spine linking all guests and Private Residents together within the Resort Community. The property will be the center piece of a 3.8M sqm residential development that is part of the “Kingdom Riyadh Land”
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holdings commented: “Our Saudi real estate projects are solid anchors for Kingdom Holding’s profitability.”
Eng. Talal Almaiman, Executive Director for Development and Domestic Investments commented: “This step is aimed at broadening the activities of the Real Estate Investment Company Ltd. to benefit from its marketing and operations’ ability as it owns and operates “Kingdom City” residential compound in Riyadh that is east of Kingdom Hospital in Riyadh.”
KHC recently announced that it had sold 1M sqm of land west of “Kingdom Riyadh land” for SR250 per sqm to the Real Estate Investment Company Ltd. (one of its subsidiaries, 38.89% owned by KHC) for the development of the second “Kingdom City” following on from the success of the first “Kingdom City”.
On the east end of the “Kingdom Riyadh land” is “Kingdom Oasis” which has a main and complete infrastructure where the FS Hotel will be developed.
At the core of the community, the Four Seasons Resort will be taking advantage of a 75,000m2 man-made lake by stretching along the waterfront. The design will have its roots in the Arab architectural tradition, with more relaxed elements in a Mediterranean resort style.
In providing the most unique environment in Riyadh, the Four Seasons will offer the opportunity to purchase one of 75 world class luxury Private Residence Villas The Private Residences will be approximately 450 square meters in size with the option of purchasing the unit fully furnished by Four Season’s highest standard.