Renovating 1 Star Hotel To 2 Star Hotel In Madinah


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)