Al An­war Hold­ings and Ac­corHo­tel sign con­tract for Novo­tel Muscat in Aza­iba

Muscat Daily - - NATION -

In­ter­na­tional ho­tel chain, Ac­corHo­tels, signed a man­age­ment agree­ment with Al An­war Hold­ings (AAH) for its brand new ho­tel Novo­tel Muscat in Aza­iba.

The agree­ment was signed by Massoud al Harthy, chair­man of Al An­war Hold­ings, and Olivier Gar­ent, MD and COO – Mid­dle East and Africa, Ac­corHo­tels, at the Tulip Inn Down­town Muscat in Ruwi on Mon­day, un­der the aus­pices of H E Ahmed bin Nasser bin Ha­mad al Mehrzi, Min­is­ter of Tourism.

Lo­cated in close prox­im­ity to the Muscat In­ter­na­tional Air­port, the up­com­ing Mall of Oman and Mad­i­nat al Ir­fan devel­op­ment, Novo­tel Muscat in Aza­iba will pro­vide con­ve­nient ac­cess to key busi­ness and leisure des­ti­na­tions in Muscat.

Harthy said, “As Oman takes great strides in eco­nomic di­ver­si­fi­ca­tion, we see a ma­jor op­por­tu­nity to grow our port­fo­lio through fo­cus on hos­pi­tal­ity. The lo­ca­tion of Novo­tel Muscat in Aza­iba on the Sul­tan Qa­boos Street near the in­ter­na­tional con- ven­tion cen­tre, po­si­tions it as a unique of­fer­ing in the mar­ket.”

He added, “Part­ner­ing with Ac­corHo­tels was a nat­u­ral choice for our move into ho­tel devel­op­ment, as we aim to work with a team who has a strong track record and rep­u­ta­tion as a lead­ing travel and life­style group in the Mid­dle East.”

San­jay Ti­wari, act­ing CEO, Al An­war Hold­ings said, “We are pleased to in­form that Al An­war Hold­ings has en­tered into a ho­tel man­age­ment agree­ment with Ac­corHo­tels for devel­op­ing a four-star busi­ness ho­tel Novo­tel Muscat, with the ob­jec­tive of mak­ing a foray into the tourism sec­tor in Oman. This ho­tel project is to be de­vel­oped in Aza­iba near air­port. To­tal devel­op­ment cost of the project is es­ti­mated to be around RO11.5mn to be funded by an op­ti­mum mix of debt and eq­uity.

“We have ini­ti­ated the project plan­ning and will have fur­ther up­dates on the sta­tus of the project. We ex­pect the project would add sig­nif­i­cant value to AAH in­vest­ment port­fo­lio and di­ver­sify the in­come stream for AAH.”

(Muscat Daily)

Olivier Gar­ent (left) and Massoud al Harthy sign the agree­ment

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