Al Mashal and Bin Mahfouz sign the agreement.
Elaf to manage two hotels
01 December 2015
The Elaf Group of Companies, a leading provider of travel, tourism and hospitality services, has signed a contract with Amac Investment to manage two hotels in Madinah, Saudi Arabia.
The agreement was signed between Ziyad Bin Mahfouz, president, Elaf Group and Abdul Aziz Bin Mohammed Al Mashal, chairman, Amac Investment.
Also present during the signing ceremony were Abdullah Bakri, vice-president, Elaf Hotels and Mohammed Al Omran, chief executive officer, Amac Investment.
Under the agreement, Elaf Group will manage and operate two new hotels – the Elaf Mashal Al Madina and the Elaf Mashal Al Salam.
The two hotels are strategically located in the south-west central area of the Holy Mosque in Madinah.
The Elaf Mashal Al Madina offers 158 rooms while the Elaf Mashal Al Salam offers 208 rooms, bringing the total number of hotel rooms managed by Elaf to 3,600. The two hotels are expected to address the demands of the growing number of visitors to Saudi Arabia, particularly those visiting the Madinah region.
“We are very pleased at the signing of this strategic relationship with Amac Investment, one of the kingdom’s premier property developers. This agreement proves to be both timely and strategic as tourism in the kingdom continues to flourish. Rest assured that we remain steadfast in our key commitment to provide world class, excellent services and top-of-the-line facilities to tourists visiting the Madinah Munawara and other regions of the country,” says Bin Mahfouz.
