Media

Corporate News Room

Browse:

H Hospitality Collection expands to Saudi Arabia; signs agreement with Jabal Omar Development to operate new 5-star hotel in Makkah

Jabal Omar Development Company (JODC) the leading real estate development company in Saudi Arabia, announced today that H Hospitality Collection, the hotel management company of Abu Dhabi Capital Group, has been selected to manage its new 5-star hotel development in the Holy city of Makkah.

The agreement is a significant milestone for H Hospitality Collection as the new hotel marks its first venture in the Kingdom, underlining its focus on regional expansion. The project has an outstanding location, only walking distance from the Grand Mosque.

The hotel is part of the prestigious Jabal Omar mega-development, with a total built-up area of over 2 million square metres, featuring residences, hotels, malls, retail amenities, prayer areas and other facilities.

H Hospitality Collection will manage the hotel which will have 650 spacious and elegantly designed rooms, three restaurants offering extensive culinary choices, lounge, café, meeting rooms and a modern gymnasium. The hotel will welcome its first guests by the beginning of 2020.

Fadel Al Ali, Chairman of H Hospitality Collection, said: “We are delighted with this new project that perfectly complements our expansion strategy across the Middle East. Saudi Arabia has always been one of our key destinations, and we wanted to expand our operations in the Kingdom with a reputable partner in a premium location. Serving Hajj and Umrah pilgrims, and supporting the Kingdom’s focus on promoting tourism, under the Saudi Vision 2030, we see significant opportunity in operating our first hotel project in Makkah. ”

Mr. Yaser F. Al-Sharif, Chief Executive Officer of Jabal Omar Development Company, said: “We are privileged to partner with Abu Dhabi Capital Group, one of the most distinguished organizations that is expanding the footprint of its H Hospitality Collection in Saudi Arabia. The agreement marks the importance they place in operating their first hotel project in the Holy City of Makkah.
The proposed H Hotel is situated close to the Grand Mosque and will appeal to visitors from the GCC and across the Islamic world by offering distinctive value propositions that will contribute to our growth.
By choosing a brand that has roots in the region, we are confident of delivering a world class hospitality choice to Makkah Visitors”.

Other Press Releases

JODC Shareholders Approve Landmark Alinma Fund Debt to Equity Transaction, Set to Issue 225 Million New Shares in Return for Settling SAR 5.3 billion in Outstanding Debt Owed to the Fund

Makkah, KSA; 28 August 2022: Jabal Omar Development Company (“JODC” or the “Company”) (Tadawul: 4250), one of the largest real estate developers in Saudi Arabia and the master developer of the iconic mega mixed-used project in Makkah, Jabal Omar, received shareholder approval for issuing new ordinary shares in the JODC to the unitholders of the […]

JODC’s H1 2022 Revenue Surges to Near Pre-Pandemic Levels on Recovery in Umrah Activity

Government’s exceptional management of the pandemic and easing of the restrictions on pilgrimage activities led to a significant increase in the number of pilgrims Revenue in H1 was SAR 391 million, more than tripling year on year Sustained improvement in gross profit driven by Company’s transformation strategy Company expects to bring in new sources of […]

JODC received the Ministry of Finance’s approval to restructure SAR 3 billion existing loan facility

Makkah, Saudi Arabia; 21 November 2021: Jabal Omar Development Company (“JODC” or the “Company”), one of the largest real estate development companies in the Kingdom of Saudi Arabia, announced today the receipt of the Ministry of Finance’s approval to restructure an existing SAR 3 billion Murabaha loan facility. This agreement will have several immediate and […]

Jabal Omar Development Company Secures Over Half a Billion Saudi Riyals from Land Plot Sale in Jabal Omar Project

Makkah, KSA; 30 September 2021: Jabal Omar Development Company (JODC) (Tadawul: 4250), one the largest real estate developers in Saudi Arabia, today announced it has sold a parcel of land within its project via a public auction for SAR 517 million. The proceeds from the strategic land sale will enable the Company to progress with […]
Open form