Rael Development Corporation signed on as the project developer, and SR Construction is the project’s general contractor.

The property opened in December 2016 with 99 hotel rooms and 14 for-sale residences, three of which are still available for purchase.

The hotel is updating its 190 guestrooms and suites, living room lobby, and 2,400 square feet of private event and workspace.

Mövenpick has agreed to manage the new 250-guestroom Movenpick Hotel Muscat.

The 97-suite property offers studio, one- and two-bedroom accommodations, and includes fully equipped kitchens and separate living and sleeping areas.

The property first opened in 1962, and counted Elvis Presley, Carol Channing, Jimmy Carter, James Brown, Nelson Rockefeller and Dr. Martin Luther King, Jr.…

In addition to a makeover of the 300-guestroom hotel, the company also upgraded the 21st-floor ballroom, conference room, guestroom elevator lobbies and…

Private lender Hall Structured Finance closed a $17.3-million loan to fund the construction of this new 126-room hotel.