While Raffles Makkah Palace is managed by Fairmont hotels & Resort, Kingdom Hotels International and Colony Capital LLC both remain key shareholders in the property. The hotel is also a part of the Kind Abdul Aziz Endowment, which has the goal to modernize the city in catering to the Hajj pilgrims. The property is located close to various tourist attractions such as Masjid Al-Haram, Kaaba, Jabal Al Nour (Mountain of Light), Al Jamarat, Jabal Thawr, and Abraj Al Bait Shopping Mall.