Oman is set to get more than 1,500 new hotel rooms over the next five years. Earlier this week, Nasser Al Nowais, chairman of Rotana Hotels, announced plans to build three-, four- and five-star properties in Muscat, Sohar and Salalah. The announcement was made at a signing event between Golden Group of Companies and Taameer Investment SAOC.
“There are 297 hotels across all governorates of the Sultanate. Hotels in Oman have 15,424 rooms with a relatively high growth rate of 7.3 percent during 2014 compared to the previous year,” Maitha bint Saif Al Mahrouqi, under-secretary of the Ministry of Tourism, said. “The Omani tourism sector has witnessed remarkable development over the past years, crystallized in the surge in the growth rates of main indexes that measure progress in the sector. At the forefront was the rapid rise in the sector's added value up to OMR 724 million in 2014, accounting for 2 percent of the GDP. The number of tourists surpassed two million visitors.”
"The pact with Rotana Hotels coincides with the operation of Salalah International Airport and completing the main stages of expansion work of Muscat International Airport, which will create a qualitative leap in the number of flights coming to the sultanate. This requires doubling residence and hotel service," Suleiman bin Masood al Harthi, CEO of Taameer Investment, noted. The construction of hotels like the Wave Muscat Hotel and Shaza Salalah Hotel and Spa is part of GGC & Taameer's investment in the Sultinate's hospitality industry.
International Real Estate partner Sallie Bowtell advised Taameer Investment and GGC on the hotel management agreements for the deal with Rotana. The hotel company currently manages more than 100 properties throughout the Middle East, Africa, South Asia and Eastern Europe. A further 54 hotels are in the pipeline, out of which 14 are scheduled to open in 2016.