Mövenpick Hotels & Resorts (MH&R) has signed a management contract with Hajar Real Estate Company K.S.C.C for a new five star hotel in Makkah that is scheduled to open late 2007.

The move which is in line with the groups expansion objectives across the Kingdom of Saudi Arabia, follows the successful operation of two hotels in Madinah and two in Jeddah.

The new hotel is part of the towering new “Abraj Al-Bait” complex, located directly in front of the Mosque with magnificent views of the holy shrine “Al Kaabah al Musharafah”.

The Mövenpick Hotel & Residence Hajar Tower Makkah will offer 410 comfortable rooms and suites of the highest standard. All rooms will have wireless internet capabilities and will be fitted with LCD Televisions. The complex will also house 882 fully furnished one-, two-, and three-bedroom residences for individual investment. The residences will be managed by Mövenpick Hotels & Resorts under a rental pool system.

“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 Mövenpicks’ expertise in the Middle East and Saudi Arabian markets will also be successfully embraced in Makkah”, added Musaed Al Saber.

The Mövenpick Hotel & Residence Hajar Tower Makkah is already the sixth Mövenpick property within the Kingdom of Saudi-Arabia after Jeddah (two hotels), Madinah (two hotels) and Al Khobar (opening in 2007).
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