In a recent development, Oman Hotels and Tourism board has announced that the company has received a binding offer of OMR14 million to acquire the assets and business of Al Falaj Hotel. However, it did not disclose the name of the company that submitted the bid.
According to a stock market report, the board of directors will meet to review the offer and any further disclosure concerning this matter will be made as and when there are developments to report.
In October, Oman Hotels and Tourism’s board agreed in principle in favour of a non-binding offer for the acquisition of Al Falaj Hotel.
Oman Hotels and Tourism Company owns and operates a portfolio of hotels in the Sultanate, including Al Falaj Hotel and Ruwi Hotel in Muscat, Al Wadi Hotel in Sohar, Sur Plaza Hotel in Sur, and Desert Nights Camp in Sharqiyah Sands.