Overview

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

• Expected investment size of USD 3.4 Mn
• Investment IRR: 19%
• Payback period: 7.1 years
• Opportunity to consider different operating models – FDI with 100% ownership or joint venture with local private sector player(s)