UK-based luxury hospitality company Cheval Collection has announced a new agreement with Ladun Investment Company to open its second property in Riyadh, further expanding its footprint in Saudi Arabia and strengthening its presence across the Middle East.
Set to open in 2028, the new property, Cheval Maison – Sulaymaniyah, will feature around 150 luxury serviced apartments, including studios and one- and two-bedroom units designed for long-stay and residential guests.
The site will also include a gym, pool with public memberships, and a range of dining outlets. Construction is expected to begin in 2026.
Located near King Salman Park, the property will join Cheval Collection’s growing regional portfolio, which includes Cheval Maison – The Palm Dubai (opened in 2023), Cheval Maison – Expo City Dubai (opened March 2025), and Cheval Ladun Living in Riyadh, also owned by Ladun Investment Company and scheduled to open in 2027.
Mohammed Alawadhi, Managing Director of Cheval Collection, said the continued collaboration reflects both companies’ shared vision for growth in the Kingdom’s hospitality sector.
“We are delighted to partner with Ladun Investment Company again, combining their local knowledge with our expertise on this outstanding new project. Their decision to collaborate with us on a second property is a testament to the strength of our brands internationally and the dedication of our team,” he said.
He added that demand for serviced apartments continues to rise across Saudi Arabia: “This agreement highlights the advantages of working with a company that brings decades of proven expertise in both operations and ownership. Saudi Arabia is experiencing remarkable growth, and we are proud to support the Kingdom’s Vision 2030 strategy, which includes promoting progress through tourism and real estate.”
Dr. Hassan Al Hazmi, CEO of Ladun Investment Company, said the partnership reflects Riyadh’s growing role as a global destination. “Ladun Investment is committed to creating pioneering real estate and hospitality projects that enhance quality of life and enrich the hospitality experience in Riyadh. Our partnership with Cheval Collection reflects a model of international collaboration built on trust and expertise.”
Cheval Collection continues to expand globally through management contracts, adding more than 500 units since 2021. The opening of Cheval Maison – Expo City Dubai earlier this year took the group’s total to more than 950 units worldwide.