Renovating 2 Star Hotel To 3 Star Hotel In Madinah

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


Tourism & Quality of Life
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Investment 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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