Jeddah Properties

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

Project Components:

Hotel (3 stars) – Premier Inn

* 121 keys (140 cells)
* Public (FOH) – (Restaurant, Meeting rooms, Gym & Café)
* BOH (Admin, Workshop & Technical areas). Commercial shops (varied sizes)

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)
* Public & Admin: 236.33 m2
* Open/Site Area: 11,459.34 m2

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.