Overview

Opportunity to renovate existing 1 Star hotels in Madinah to 2 Star hotels (280 keys) to cater the rising demand from religious tourists

• Expected investment size of USD 3.0 Mn
• Investment IRR: 15%
• Payback period: 8.6 years
• Opportunity to consider different operating models – FDI with 100% ownership or joint venture with local private sector player(s)