Business Reporter –
MUSCAT, April 26 –
A Sale and Development Agreement signed by Al Mouj Muscat, the Sultanate’s premier lifestyle destination, will add a new luxury property to the Integrated Tourism Complex’s (ITC) diverse hospitality offerings.
The pact, inked with Golden Group Holding, pertains to the development of a luxury four-star hotel apartments property. Al Mouj Rayhaan, as the new property is called, will be the third hospitality component at Al Mouj Muscat and it will be operated by Rotana. With 250 beautifully appointed rooms, suites, apartments along with world-class amenities and services, the property will be located at the entrance of the luxury peninsula of Juman apartments and adjacent to the upcoming Kempinski Hotel set to open this year.
The agreement was signed by Nasser bin Masoud al Sheibani, CEO of Al Mouj Muscat and Dr Khalfan bin Said al Shueili, CEO of Al Sedrah Real Estate Company, a member of the of the Golden Group Holding, at a ceremony held on the sideline of the Arabian Travel Market (ATM) 2017. The signing ceremony was attended by Maitha bint Saif al Mahrouqi, Under-Secretary of Ministry of Tourism and other officials from both parties.
Strategically located on the oceanfront, these hotel apartments will cater to the needs of guests by providing a wide-range of services along with the property’s outstanding facilities. The property is expected to open before 2020.
In addition to this property, Al Mouj Muscat brings Kempinski, a 5-star hotel being developed by the Omani Hospitality Company, and ‘Mysk by Shaza’ a 4-star hotel being developed by Taameer Investment, a member of the of the Golden Group Holding. Both hotels are expected to be open by end of 2017.
Explaining the company’s investment in this vital project, Shaikh Salim bin Ahmed al Ghazali, Chairman of Golden Group Holding, said it comes after a careful study and represents the group’s second project at Al Mouj Muscat.
He commented: “We are impressed by growth indicators in the tourism sector and believe it is a good time to invest in the industry. As tourism demand grows, an additional supply of branded hospitality properties is required. The serviced apartments market is not yet mature in Muscat and main keys of success lies in location and being an international recognised branded property.”
Business Reporter –