News & Media

MCDC announces the signing of a contract reinforcing its commitment to optimizing asset performance and long-term value creation through its ongoing asset enhancement strategy.

The Company has commenced the first phase of its hotel renovation, valued at SAR 32 million, this project covers four guestroom floors and involves the reconfiguration of the layout from 107 standard rooms and 3 suites to 98 rooms and 7 premium suites.

This reconfiguration is a strategic response to market demand, designed to increase the share of premium accommodation and is expected to generate better returns and enhance performance metrics for the hotel. Specifically, the Company anticipates this change will improve RevPAR (Revenue Per Available Room) for these reconfigured units by approximately 10% in the first full year of operation.

From an operational perspective, minimal impact is expected on the hotel's overall performance as the execution is being conducted entirely during the low season.