Renovating 1 Star Hotel To 2 Star Hotel In Makkah
OVERVIEW
Opportunity to renovate existing 1 Star hotel in Makkah to 2 Star hotel (280 keys) to cater the rising demand from religious tourists
Opportunity Highlights
- Investment size: SAR 14,832,002
- IRR: 22.6% ▪ NPV: SAR 12,582,584
- Payback period: 6.0 years ▪ ROI: 22.0%
- Opportunity to consider different operating models – FDI with 100% ownership or joint venture with local private sector player(s)
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