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)

 

Download the full Opportunity Here

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