Ker­ala firm in talks to ex­pand ho­tel brand in Saudi, Oman

Arabian Business English - - UPFRONT -

KER­ALA-BASED DI­VER­SI­FIED busi­ness group Sa­mana Global Busi­ness So­lu­tions is in talks with an Oman­based hos­pi­tal­ity ma­jor for a pos­si­ble ac­qui­si­tion of a ho­tel prop­erty in the sul­tanate.

Sa­mana, which cur­rently op­er­ates a 100-room ho­tel in the Saudi cap­i­tal Riyadh un­der its brand Apollo Dimora, is also in talks with the de­vel­op­ers of a Makkah and Mad­ina-based four-star ho­tel prop­erty to op­er­ate and man­age the ho­tel un­der its brand.

Con­firm­ing the devel­op­ments, Sabith Ko­ramba, group ex­ec­u­tive di­rec­tor of Sa­mana, told Ara­bian Busi­ness that the group has re­ceived a pro­posal from an Oman-based ho­tel for a pos­si­ble ac­qui­si­tion and said that the com­pany is “se­ri­ously look­ing at it”.

“The talks (with the pro­mot­ers of the Oman ho­tel) are in an early stage cur­rently. We have not dis­cussed any num­bers yet,” he added.

Through the Apollo Dimora brand, Sa­mana op­er­ates a four-star ho­tel in Tri­van­drum and has three other ho­tel projects com­ing up in Cali­cut, Chen­nai and Ban­ga­lore.

Be­sides hos­pi­tal­ity, Sa­mana also op­er­ates busi­nesses in the health­care, real es­tate and IT sec­tors.

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