One of the world’s largest hotel deals – for 26 hotels in the Saudi Arabian city of Mecca – is to be signed next week at London’s Dorchester hotel.
Sheikh Abdul Rahman Fakieh, chief executive of the Jabal Omar Development Company, will be completing the $6.5b (£4b) agreement with the chief executives of Hilton Worldwide, Hyatt Hotels Corporation and Marriott International for the development of the properties on a 230,000sq m site.
The deal excludes the price of the land.
By Janet Harmer
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Published by: The Caterer