Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) signed on June 9 a 15-year leasing agreement with Jabal Omar Development Company (Jabal Omar) for the Jabal Omar Marriott Hotel.
The five-star hotel overlooks the Grand Mosque in Makkah and has 426 rooms and suites, Al Hokair Group said in a statement to Tadawul on Sunday.
The value of the agreement was not disclosed.
Financial impact is expected to appear on Q2 results, the statement said, adding that the deal has no related parties.
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