Overview

Opportunity to renovate existing 2 Star hotels in Madinah to 3 Star hotels (318 keys ) to cater the rising demand from religious tourists

• Expected investment size of USD 3.9 Mn
• Investment IRR: 15%
• Payback period: 8.9 years
• Opportunity to consider different operating models – FDI with 100% ownership or joint venture with local private sector player(s)