Deutsche Hospitality signs agreement for an IntercityHotel in Nizwa, Oman

Mar 29, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance

Deutsche Hospitality is robustly pursuing its course of expansion and has signed a further agreement for a hotel in Oman. A 120-room three-star IntercityHotel is scheduled to open in Nizwa by 2019. The hotel, which will offer event spaces, a spa complete with gym area, a swimming pool, a restaurant and a bar, will be operated via a management agreement. The contractual partner will be the Nizwa Integrated Real Estate Company (“NIREC”), Sultanate of Oman.