📋 Tender Overview
Scope of Work:
To Build Canopy by Hilton Hotel.
Description:
The contract has a term of 20 years with no specific value as the operator receives a share of the revenue and profit, as compensation for managing and operating the hotel. The hotel will be located in An-Nahdah district, Jeddah. It will feature 183 keys and 55 serviced apartments complemented with an array of F&B outlets, meeting space, as well as leisure and sports facilities. The financial impact of the agreement is expected to be realized upon the commencement of hotel operations, which is anticipated in 2028.
