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BRIEF-Oman Hotels and Tourism to develop 4 star hotel in Al Khuwair
November 14, 2017 / 10:42 AM / 5 days ago

BRIEF-Oman Hotels and Tourism to develop 4 star hotel in Al Khuwair

Nov 14 (Reuters) - OMAN HOTELS AND TOURISM CO

* ENTERS INTO HOTEL MANAGEMENT AGREEMENT WITH ACCOR HOTELS FOR DEVELOPMENT OF 4 STAR HOTEL IN AL KHUWAIR “ NOVOTEL MUSCAT –AL KHUWAIR”‍​

* TOTAL DEVELOPMENT COST OF HOTEL TO BE AROUND 13 MILLION RIALS, TO BE FUNDED MIX OF DEBT AND EQUITY

* PROJECT IN LINE WITH FIVE YEAR BUSINESS PLAN TO DEVELOP 10 HOTELS ACROSS SULTANATE OF OMAN WITH IN NEXT FIVE YEARS Source: (bit.ly/2yZHEtz) Further company coverage:

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