Rotana, GGH ink deal for new 250-key hotel in Oman
The agreement for Al Mouj Rayhaan by Rotana, was signed on the side-lines of the Arabian Travel Market 2017
Golden Group Holding, an Oman-based construction and real estate firm, has signed a contract with hotel operator, Rotana, to develop a new hotel in Muscat.
The agreement for the new hotel, named Al Mouj Rayhaan by Rotana, was signed on the side-lines of the Arabian Travel Market (ATM) 2017.
It will be located within the Al Mouj development, an integrated tourist complex comprising a mix of hotels, residential properties, retail and dining facilities, and a private yachting hub.
Al Mouj Rayhaan by Rotana will feature 250 rooms, suites, and apartments, and is scheduled to open before 2020.
The two companies had earlier, in 2015, signed an agreement for the development of five new hotels in Oman.
“The agreement marks the continuation of our valued partnership with GGH,” said Nasser Al Nowais, chairman of Rotana. “Once complete, Rotana’s upcoming properties in Oman will add more than 1,600 keys to our existing inventory of 400 rooms in the Sultanate, bringing the total tally to over 2,000 rooms.”
Shaikh Salem Samhan Al Kathiry, manager of the commercial office of Sultanate of Oman in Dubai said: “GGH is developing multiple hospitality, mixed-use, and master developments in line with the government’s diversification strategy.
“GGH, with its subsidiaries Taameer Investment and Al Sedrah Real Estate, is considered among the leading real estate investment companies in Oman, and currently has 13 hotels in various stages of development.”