Dur Hospitality terminates lease, management and operation contracts of 3 hotels in Madinah

03/03/2022 Argaam

Logo of Dur Hospitality Co.

Dur Hospitality Co. announced today, March 3, terminating the lease, management and operation contracts of three hotels in Madinah, by mutual agreement with Al-Manakha Urban Project Development Co.

 

No financial impact is expected from this termination, Dur said in a statement to Tadawul.

 

On Dec. 19, 2019, Dur signed a 15-year lease, management and operation contracts of three hotels in Madinah, Argaam earlier reported.

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