Sheraton Taiba Hotel, Madinah
Marriott Signs With Taiba Holding Company to Develop 268-Room Sheraton Taiba Hotel, Madinah
Saudi real estate developer Taiba Holding Company has signed a deal with Marriott International to develop the Sheraton Taiba Hotel, Madinah, located close to the main entrance of Al-Masjid Al-Nabawi. The hotel will mark the return of the Sheraton brand to Madinah.
Photo by Marriott
The five-star property is set to be developed on a 1,019-square-meter plot of prime real estate located in the northern area of the Prophet's Mosque.
The hotel will comprise 268 guest rooms and offer collaborative venues, technology-enabled design and three culinary concepts under Sheraton's refreshed F&B philosophy.
Construction on the hotel, which is being funded by Taiba Holding along with a Shariah-compliant loan, is expected to begin in the second quarter of 2020 with doors opening to the public in 2023.
The agreement between Marriott International and Taiba was signed in a ceremony attended by Chief Executive Officer of Taiba Qasim bin Abdul Ghani Al-Maimani and Alex Kyriakidis, president and managing director, Middle East and Africa, Marriott International, and the teams' management personnel.
Saudi real estate developer Taiba Holding Company has signed a deal with Marriott International to develop the Sheraton Taiba Hotel, Madinah, located close to the main entrance of Al-Masjid Al-Nabawi. The hotel will mark the return of the Sheraton brand to Madinah.
The five-star property is set to be developed on a 1,019-square-meter plot of prime real estate located in the northern area of the Prophet's Mosque.
The hotel will comprise 268 guest rooms and offer collaborative venues, technology-enabled design and three culinary concepts under Sheraton's refreshed F&B philosophy.
Construction on the hotel, which is being funded by Taiba Holding along with a Shariah-compliant loan, is expected to begin in the second quarter of 2020 with doors opening to the public in 2023.
The agreement between Marriott International and Taiba was signed in a ceremony attended by Chief Executive Officer of Taiba Qasim bin Abdul Ghani Al-Maimani and Alex Kyriakidis, president and managing director, Middle East and Africa, Marriott International, and the teams' management personnel.