Opportunity to renovate existing 1 Star hotel in Makkah to 2 Star hotel (280 keys) to cater the rising demand from religious tourists
Sector
Tourism & Quality of Life
Download Opportunity
Investment 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)