Fairmont Hotels and Resorts, an affiliate to Accor Hotel’s chain, has teamed up with Saudi Arabian conglomerate Naif Alrajhi Investment Company to launch the world’s first standalone luxury long-stay property at Fairmont Ramla Serviced Residences, Riyadh, Invest-Gate reports.

Scheduled to open in 2020 and offering easy access to King Khalid International Airport and King Abdullah Financial District, the project will be designed by Tokyo-based Nikken Sekkei, boasting 249 one-, two-, and three-bedroom serviced apartments. Four-bedroom penthouses will also be part of the residential mix, according to a press release on September 10.

Facilities, catering for both leisure and business travelers, will range between an all-day dining restaurant and lobby lounge, an extensive food and beverage (F&B) plaza, with three specialty dining concepts setting foot in the Saudi market for the first time, Additionally, a dedicated cinema room, kids area, a health club including a sauna and multiple steam rooms for both men and women, tranquil pools located on the 35th floor, among other amenities are available on-site. On top of that, the mid-rise tower’s façade will be layered with paneling and a structured central pattern.

Speaking of the newest addition, Chairman and CEO of Naif Alrajhi Investment Naif Saleh Alrajhi noted, “Fairmont Ramla Serviced Residences, Riyadh symbolizes the start of an important and fruitful relationship with Accor. We are delighted to partner with Accor and their unparalleled presence in Saudi Arabia to further expand and diversify our real estate portfolio through the launch of the region’s first standalone Fairmont serviced residences.”

“We are confident that the property will become an unforgettable, landmark luxury destination in the kingdom through its services, dining options, and bespoke amenities,” Alrajhi elaborated.

Fairmont Ramla Serviced Residences, Riyadh will be part of an iconic and celebrated portfolio of over 75 Fairmont properties globally, complementing the recently opened Fairmont Riyadh and expanding the luxury brand’s footprint within the kingdom.