Jobs
Properties
Search
Categories
Companies
People
Sectors
Topics
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
Submit News
Search
Categories
Business
Research
Calculation
Tools
Newsletter
SUBMIT NEWS
CHAMPION OF THE DAY
LEADERS NEWS
Two new Warwick hotels
Investment totals $23 million
Share
Two new four-star hotels will open soon in the Metn area. The first hotel, ‘Stone 55’, will be located on the Zalka Highway. The second one, whose name is still undisclosed, will be located in Ain Aar.
The two hotels are owned by the brothers Nabil, Sami, Abdo, and Joseph Azar, initially active in the jewelry industry. Warwick Hotels will manage both properties. $15 million were invested in the Zalka hotel and another $8 million for the Ain Aar one, bringing the total to $23 million.
According to Andre Chehwan, Business Development Manager at Warwick, Stone 55 will be operational as of mid-October 2013. The Ain Aar hotel will open in the summer of 2014, when the revamping and refurbishing of the building is completed. Stone 55 will have 46 rooms, and the Ain Aar hotel will have 48 rooms.
The projects’ owners conducted several market studies, after which they decided to proceed with their projects in these locations. Chehwan said: “The Metn area has good business potential with its high commercial demand. We expect very good feedback as soon as we open because both places witness high activity: Zalka in particular is a very promising business area.”
Reported by Rana Freifer
Your browser does not support iframes.
Date Posted:
Jul 09, 2013
Share
Your browser does not support inline frames