M&C to manage Makkah hotels
Makkah, Saudia Arabia – 5 July 2017 –
Makkah Construction and Development appoints Millennium & Copthorne Middle East Holdings to manage and operate the company’s five-star hotels in Makkah.
The contract period is for 20 years starting from November 1, 2017.
The company says contract has no specific value as M&C will get a portion of profit against hotel operations and management. It expects positive financial impact from Q4 of the current financial year.