Dur Hospitality signs contract with Accor to manage, operate Rixos Jeddah Resort

Logo of Dur Hospitality

Dur Hospitality Co. signed a management and operation contract with Accor to manage and operate a luxury tourist resort In Jeddah, under Rixos brand, over a period of 20 years starting from the initial date of the resort.

The company said in a bourse statement that Accor will manage and operate Rixos Resort Jeddah, which will include 247 residential units, including 174 hotel rooms and 73 residential villas, it added.

Through the agreement, Dur Hospitality will develop the current Makarem Annakheel Village on Obhor Bay in Jeddah into a full-fledged tourist resort, that includes a luxury five-star hotel, a water park, public swimming pools, a children’s club and an integrated health club, in addition to a number of villas with private pools.

All development will be in accordance with the standards adopted by the unique Rixos brand owned by Accor.

Dur said that the expected positive financial impact of this contract will start from the third quarter of 2023, adding that there are no related parties.