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
E-mail your comments to Janet Harmer here.
If you have something to say on this story or anything else join the debate at Table Talk – Caterer’s new networking forum. Go to www.TheCaterer.com/tabletalk
Looking for a new job? Find your next job here with TheCaterer.com jobs