Golden Group, Mövenpick partner for new Muscat hotel

Muscat International Airport, Muscat, Oman, Photo credit: Prisad Pillai / CC BY 2.0

Investment firm Golden Group Holding has teamed up with Mövenpick Hotels & Resorts to develop the Mövenpick Hotel Muscat in a mixed-use development in Al Mawaleh. As part of the Muscat-based investment group’s expansion plan, the new hotel will be next to the Muscat International Airport. 

The Mövenpick Hotel Muscat will have 250 guestrooms and 115 services apartments near the offices, apartments and retail outlets of the new mixed-use project. Golden Group invested a total OMR60 million into constructing the approximately 172,223 square-foot development. 

This new partnership falls in line with the investor’s plans to expand through developing partnerships with international hospitality operators. With the addition of this recent hotel signing, Golden Group has a development pipeline of about 1,700 guestrooms set to open in Oman’s major cities over the next five years through similar management agreements.  “Our vision at Golden Group Holding is to distribute the investment portfolio in the hospitality sector across the Sultanate and to create investments with added value and positive impact on the community, creating job opportunities for the Omanis, supporting the local community and contributing to the development, besides revitalizing the national economy,” Sheikh Salim bin Ahmed Al Ghazali, chairman of Golden Group Holding, told Times of Oman. 

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

The group recently opened the Mysk Hotel by Shaza Wave Muscat. In Salalah, construction has already begun on the Shaza Hotel & Resort and is slated for a Q2-2018 opening. Meanwhile, Wave Muscat’s Rayhaan by Rotana and Hotel Centro Sohar are currently being designed. 

Suggested Articles

Demand came in 67,000 rooms lower during the week ended July 4 than the previous week, according to Jan Freitag, STR’s SVP of lodging insights.

The In-Seat Contactless Platform is meant to give guests touch-free control over food and beverage at hotel restaurants.

As the economy slowly begins to right itself, hotels can look toward an unexpected way to save on operating costs: their trash.