Accor to Develop New Hotel in Saudi Arabia

10:31 AM EDT, 07/15/2026 (MT Newswires) -- Hospitality group Accor (AC.PA, ACR.F) will develop a new hotel in Makkah, Saudi Arabia, in partnership with Saleh Abdulaziz Al Rajhi & Partners. The 518-room ibis Makkah Al Maabdah hotel will feature two restaurants and banqueting facilities. It is set to open in 2031 to cater to residents and pilgrims, according to a Wednesday release.