Contract/Lease Date: 13.05.2013 (3.7.1434 H)
Lease Period: 25 years
Lease Amount: SR 2,580.300 per year
Land Area: 17,202 m2
Hotel (3 stars) – Premier Inn
* 121 keys (140 cells)
Expected construction Duration: 18 months
Expected Start of Construction: End of October 2014
Estimated Construction Budget: SR 59,620.678
Project Component Built-up Areas:
Hotel 9,114.40 m2
* Commercial: 2,527.87 m2 (36 units)
Total project Built-up Area: 11,908.60 m2
Progress to date:
* Initial/Preliminary design completed and approved by MODON.
* Initial/Preliminary design approved by Tourism Authority and waiting for official approval letter.
* Design development/final design stage in Progress and expected for completion in 2015.
Jeddah Properties – Commercial & Hotel
Hotel & Commercial shops
Jeddah Industrial Area, KSA
Saudi Industrial Property Authority (Modon)