🏢 Company

Knowledge Economic City

📍 Saudi Arabia
1 story · First covered Jul 28, 2026 · Latest 1h ago
Manages Albilad Capital
Knowledge Economic City Coverage
$400 Million for 615 Rooms in Medina. The Math Per Key Should Make You Sit Down.

$400 Million for 615 Rooms in Medina. The Math Per Key Should Make You Sit Down.

A Saudi developer just set up a $393 million fund to build two Marriott hotels and 295 branded residences in Medina, and the per-key economics tell a story about religious tourism demand that most Western operators have never had to think about... until now.