Omran signs deal with QNB Oman for JW Marriott Hotel
Oman Tourism Development Company (Omran) has signed a OMR38 million finance deal with QNB Oman for building JW Marriott Hotel within the Oman Convention and Exhibition Centre (OCEC).
The financing agreement, which is part of phase one of the emerging Madinat Al Irfan Urban Development by Omran, was formalised on Tuesday in a signing ceremony held at the OCEC, according to a press release.
The five-star JW Marriott is part of the up and coming Madinat Al Irfan development, which is set to become the new urban hub in Muscat. The hotel opening, slated for the end of 2017, is a proof point of Omran’s commitment to further develop the Sultanate’s burgeoning tourism sector.
Operated under the JW Marriott brand, the hotel includes state-of-the-art food and beverage outlets, meeting facilities and a health and leisure club.
Once completed, it will add an additional 304 rooms to hotel offerings in the Sultanate.
The agreement was signed by Saif Al Hinai, Omran’s acting chief executive officer and Saad Musa Al Jenaibi, general manager of QNB Oman, in an event attended by senior officials from Omran and QNB.
“The agreement was part of the financial model pursued by Omran, whereby private institutions work hand-in-hand with the government on commercial projects. This development, once completed, will stand as the most prestigious and exclusive of the quartet of hotels planned for the OCEC precinct,” said Al Hinai.
“The hotel will offer unprecedented levels of luxury, class and service, while adding significant guest capacity to the hospitality offerings in OCEC, as well as Muscat as a whole,” he added.