The Group Will Continue to Manage One of Its Flagship Properties in the Holy City of Makkah
Accor, a world-leading hospitality group with over 400 hotels across India, Middle East, Africa and Turkey, confirms it will continue operating ZamZam Pullman Makkah. Renewal with Accor was confirmed as a result of an exhaustive tender process amongst top hospitality companies.
Global leader in real estate and hospitality advisory services, JLL Hotels & Hospitality, managed the highly competitive process.
The group renews its management agreement with Munshaat Real Estate Projects Co, a Kuwaiti company, listed in the Kuwait stock exchange market and established in 2003. Over the last 20 years, the company has been dedicated to investing into the hospitality sector in the Holy Cities of Saudi Arabia, with notable real-estate including the ZamZam Pullman Makkah and ZamZam Pullman Madinah to name a few.
“ZamZam Pullman Makkah plays a vital role for our business says Eisa Al Eisa, Acting CEO of Munshaat Real Estate Projects Co, our leadership recognises that renewing our partnership with Accor will further advance our business, while serving the expected growth in religious tourism”.
Opened in 2006, the hotel is located in the most sought after Abraj Al Bait building in Makkah, arguably one of the most prominent development in Saudi Arabia – hosting the third tallest tower in the world. The hotel features over 1,300 rooms, out of which the standard rooms offer 37 square meters in size, while its suite inventory ranges from 45 – 148 square meters in size, both featuring Kaaba, Haram and City views. In addition to the guest rooms, the property features 7 food and beverage outlets, including 4 international restaurants, 1 Arabic restaurant, 2 lounges, retail shops and a business centre.
As part of the renewal agreement, the property will undergo an extensive renovation plan with a 125 Million Riyal investment, which will be completed by 2025.
“We are very pleased to announce that ZamZam Pullman Makkah will continue to be operated under our portfolio” Says Mark Willis, CEO of Africa India, Middle East, Africa & Turkey. “The brand has already made its mark in Holy City and pilgrim’s travellers enjoy its prime location. We are confident that this will not only increase the Pullman brand awareness but enhance our valuable partnership with Munshaat Real Estate Projects Co. while consolidating the group’s position as leading hospitality group in Makkah and in the region overall”.
Accor currently operates 39 properties (14,301 keys) in the Kingdom of Saudi Arabia, 8 of which are located in Makkah, with another 37 properties (10,115 keys) in the pipeline throughout the Kingdom.