Shuaa's hospitality unit buys land in Jeddah

16 March 2010

Shuua Capital's Saudi Arabian unit said its hospitality fund had bought land in Jeddah for a hotel development worth more than $130m, the first ever land acquisition by a hospitality fund in the kingdom. The land will be developed into a luxury hotel tower with affiliated serviced hotel apartments, which will be managed by Rotana Hotel Management Corp.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications