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Saudi-based Ladun Investment Company has signed a partnership agreement with ASAP Operator Member Cheval Collection for the construction and operation of Cheval Ladun Living – a tower featuring luxury hotel apartments situated on King Fahd Road in Riyadh.
Senior officials at the signing ceremony at the Future Hospitality Summit in Riyadh said that construction of the SAR300 million ($80 million) tower will start this year, with likely completion in 2027.
Cheval Collection’s first project in Saudi Arabia will feature 130 residential units of various sizes, from one- to three rooms, along with gym, swimming pool and sauna.