Developer to deliver Kuwait's first Novotel

Action Hotel spending $41.3mn on 160-room freehold property in Sharq

NEWS, Business, Action Hotels, Kuwait, Novotel

Action Hotels has announced that it has signed an agreement with hotels giant Accor which will see it create a $41.3mn hotel in Kuwait set to be the site of the country's first Novotel-branded property.

The 160-room freehold hotel will be built within the Sharq business district of Kuwait City. Work will start on the hotel during the first quarter of 2015 and is due for completion in 2017.

Action Hotels, which is a specialist in developing Middle East hotel properties, said that this property will bring its room count to more than 2,660. It is targeting to have 5,000 in its portfolio by 2020.

The hotel will cost $29mn to build, on top of the $12.3mn already paid to secure the land for the project. It is now looking at funding options for the project, including locally-sourced, long term bank debt.

Chairman Sheikh Mubarak A.M. Al-Sabah said: "We are pleased to partner with Accor for the development of Kuwait's first Novotel. This is a great addition to our growing portfolio of economy and mid-market hotels in the Middle East."

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020