DAMAC Properties have rolled out the Paramount Hotels & Resorts-branded serviced residences tower in Riyadh.
The announcement follows the launch of two Paramount Hotels & Resorts-branded projects in Dubai – DAMAC Towers by Paramount Hotels & Resorts Dubai PHR FZ LLC and Paramount Hotel Jumeriah Waterfront.
The serviced residences will include a spa, high-end restaurants and hotel servicing. Investors can also enter their unit into a rental pool, fully managed by DAMAC Maison.
The project showcases 215 units available in studios, one, two and three-bedroom residences, with a 932 square metre penthouse on the top floors. Both projects are currently under construction and set to be completed in 2016.