Al Khozama to manage 2 new hotels in Alkhobar with Al Fahd Investment Company

Al Khozama Management Company (Al Khozama), Saudi Arabia’s major luxury commercial property development, management and investment company, has announced the signing of agreements with Al Fahd Investment Company, to manage two new upmarket hospitality properties in Alkhobar — the 5-star deluxe Al Faisaliah Hotel & Spa and the Al Khozama Residence.
Opening in 2016, the ultra-luxury Al Faisaliah Hotel & Spa will bring the prestige of the Al Faisaliah hospitality brand to Alkhobar for the first time. In location, architecture and service excellence it creates an entirely new hospitality concept in the Eastern Province. It is positioned close to the 25 km King Fahd Causeway.
Owned by Al Fahd Investment and managed by Al Khozama, Al Faisaliah Hotel & Spa will cater for discerning business and leisure guests with 240 rooms and suites, two world-class restaurants and extensive meeting facilities complemented by a state-of-the-art business center.
Al Khozama Residence, located adjacent to the Al Shubaili Grand Mall, will offer 150 contemporary and elegant serviced apartments with both short- and long-term availability.
Prince Bandar bin Saud bin Khalid, chairman of Al Khozama, said: “The new properties in Alkhobar add yet another dimension to our hospitality management portfolio. We are delighted to partner with Al Fahd Investment Company on these landmark projects.”
Al Khozama also manages the Al Shohada Hotel in Makkah and Bay La Sun Hotel & Marina in King Abdullah Economic City, north of Jeddah. Al Khozama owns its flagship Al Faisaliah Hotel and the Al Faisaliah Suites in Riyadh.
Ahmed Fahd Al-Fahd, director, hospitality division of Al Fahd Investment Company, said: “We are pleased to partner with Al Khozama and have no doubt this strategic partnership will add exceptional value to our vision in developing world-class hospitality properties in Alkhobar and across the Kingdom.”