In keeping with its expansion objectives across the Kingdom of Saudi Arabia and following the successful operation of two hotels in Madinah and two in Jeddah, Movenpick Hotels & Resorts (MH&R) now moves to…
In keeping with its expansion objectives across the Kingdom of Saudi Arabia and following the successful operation of two hotels in Madinah and two in Jeddah, Movenpick Hotels & Resorts (MH&R) now moves to Makkah: A management contract for a new hotel has just been signed with the Kuwait based owner Hajar Real Estate Company K.S.C.C. The 5-star hotel is scheduled to open late 2007.
The concept enables investors to lease a fully fitted and furnished residence that may be used free of charge for a certain period yearly. Profits from the residence rental will then be distributed to individual lease holders in the rental pool, explains Musaed Al Saber, Deputy General Manager of Hajar Real Estate Company K.S.C.C.
We are convinced that the philosophy of genuine Swiss hospitality coupled with Movenpicks’ expertise in the Middle East and Saudi Arabian markets will also be successfully embraced in Makkah, added Musaed Al Saber.
The new hotel in Makkah will complement our strong presence in both Jeddah and Madinah. Visitors on their annual Hajj or Umrah pilgrimage will now enjoy Movenpicks’ trademark True Excellence in Swiss Hospitality in both holy cities under the same brand, explains Andreas Mattmuller, Senior Vice President Middle East Movenpick Hotels & Resorts.
We’re delighted to have found a strong partner in Makkah with the Hajar Real Estate Company K.S.C.C. under the direction of Mr. Yousef Al Omar and look forward to being associated with this prestigious development, said Jean Gabriel Peres, President & CEO Movenpick Hotels & Resorts.
The Movenpick Hotel & Residence Hajar Tower Makkah is already the sixth Movenpick property within the Kingdom of Saudi-Arabia after Jeddah (two hotels), Madinah (two hotels) and Al Khobar (opening in 2007).
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