Renovating 2 Star Hotel To 3 Star Hotel In Madinah
OVERVIEW
Opportunity to renovate existing 2 Star hotels in Madinah to 3 Star hotels (318 keys ) to cater the rising demand from religious tourists
Opportunity Highlights
- Investment Ticket: SAR 17,252,648
- IRR: 24.1% ▪ NPV: SAR 17,333,239
- Payback period: 6.0 years ▪ ROI: 25.1%
- Opportunity to consider different operating models – FDI with 100% ownership or joint venture with local private sector player(s))
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