TDT | Manama The Daily Tribune – www.newsofbahrain.com Gulf Hotels Group (GHG) – Bahrain's leading hospitality management company – announced signing an agreement with Al Jazeera Tourism Company (AJTC) to purchase the Novotel Bahrain Al Dana Resort. The signing
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Gulf Hotels Group (GHG) – Bahrain’s leading hospitality management company – announced signing an agreement with Al Jazeera Tourism Company (AJTC) to purchase the Novotel Bahrain Al Dana Resort.
The signing was conducted by GHG Chairman, Farouk Almoayyed, with Chairman of AJTC, Hazem Alshaikh Mubarak, with the completion of the transaction is expected by the end of March 2023.
GHG Chairman, Farouk Almoayyed said: “The acquisition of this property further strengthens our extensive portfolio capabilities and positions the Group operations closer to key hospitality brands.
This is a testament to our focused and committed vision to provide comprehensive hospitality solutions to further enhance our current business portfolio.”
Garfield Jones- GHG Chief Executive Officer – added: “The acquisition will further strengthen the Group’s income streams, particularly in the weekend leisure market and offers many synergies that will benefit the Group as a whole. Once the transaction is completed, our team will start planning an extensive refurbishment of the property, including re-engineering the food and beverage product.”
