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HMH - Hospitality Management Holdings Signs 5-Star ‘Coral Al Madina Hotel’ in KSA with Mobarak Hotels Group

HMH – Hospitality Management Holdings has entered into a management agreement with Mobarak Hotels Group for operating Coral Al Madina Hotel. The announcement was made by Al Sheikh Mohamed Ebrahim Abdulrahim, Chairman of Mobarak Hotels Group and Laurent A. Voivenel, CEO of HMH at the official signing ceremony held in Madina today.

In attendance was H.E. Sheikh Mohammed bin Faisal Al Qassimi, CEO of Faisal Holding LLC and Vice Chairman of HMH, along with senior government dignitaries, tourism officials and prominent businessmen. Speaking on the occasion, Al Sheikh Mohamed Ebrahim Abdulrahim said, "Our business vision is in line with the Saudi authorities' plans for expanding the Holy Mosque of Prophet Mohammad and development of adjoining area. Therefore, Mobarak Hotels Group has appointed Designs Company that is specialized in providing integrated hotel solutions to oversee our growth and expansion. As part of this strategic agreement Designs Company will be responsible for developing world-class hospitality products and facilities around the Holy Mosque to meet the needs of growing Hajj and Umrah pilgrims.

 With an initial investment of SR one billion, Designs Company and Mobarak Hotels Groups have entered into a management contract with HMH – Hospitality Management Holdings for operating Coral Al Madina Hotel. As part of this strategic understanding, we will hand over the management of four other 4-star hotels under development in the same area to HMH."