The real estate consultancy Knight Frank Middle East has announced a collaboration with the Saudi infrastructure company Pan Kingdom Holding for a project in Makkah.
The deal focuses on asset management services for a newly constructed 2,000-room hotel in Makkah.
The partnership aims to cultivate new hotel assets in the kingdom in alignment with the 2030 vision, said a statement from Knight Frank.
Turab Saleem, Partner & Head of Hospitality at Knight Frank Mena, expressed excitement at the collaboration, stating that with 20 years of asset management experience in the region, Knight Frank Middle East is eager to contribute to the success of the project.
“This collaboration will see Knight Frank not only overseeing the hotel project but also providing expertise in brand development and business planning for Pan Kingdom’s growing hospitality portfolio,” he added.
