Auction closed
Hotel Auction - Plot 4009 in the Central District of Medina
Awqaf Real Estate Company announces an investment opportunity: a unique hotel spanning 788.48 square meters in the heart of Medina. Overlooking four distinct facades, the hotel is located at the intersection of two vital streets and just steps away from the Prophet's Mosque. The hotel offers a comprehensive accommodation experience with a design that meets the aspirations of visitors to the city, making it an ideal investment opportunity in one of the city's most vital areas.
Auction participation mechanism:
Attend the auction day with all required documents below.
- Auction participant's signature on the form acknowledging that he has read and agreed to the investment terms.
- A letter of commitment from the investor to sign a promissory note for the annual rental value in favor of the General Authority for Endowments in the event of award.
- A certified check for 3 million riyals payable to Awqaf Investment Company, refundable in the event of non-award.
- A copy of the commercial register of the institution or company.
- A copy of the investor's national ID.
- All documents mentioned in the auction participation mechanism must be placed in a sealed envelope and delivered to the relevant employee.
- The General Authority for Endowments does not have any financial dues. *
- Bank statement for the last 3 months.
- Credit report from Simah.
- Financial statements (for companies).
- A letter stating that the property has been thoroughly inspected, negating any ignorance. To inspect, please contact the following numbers: Phone: 920000138 Mobile: 0537007049.
Auction date: 05/04/2025
Time of attendance: 4:00 PM
Auction location: Diwan Hall - Crowne Plaza Madinah Hotel
