Construction of the $80m (OMR 30m) Azaiba Hotel - an ambitious five-star project near Seeb’s Airport Heights in Oman - is fast progressing and is expected to be operational by mid-2013, Oman Daily Observer reports.
Sources close to the promoters said the project, developed by the Azaiba Hotel LLC, will have 240 rooms, four differently-themed restaurants and multi-level basement parking as well as other amenities.
The project is managed by Mfar Hotels and Resorts, an Indian hotel group owned by Dr. P Mohammed Ali, vice-chairman and managing director of Galfar. Dr Ali is also a major stakeholder in Azaiba Hotel LLC with another equity partner.
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“We are working towards the goal of opening the hotel by mid of 2013”, a source at the Galfar Engineering and Contracting company said.
He added: "The total investment is estimated at between $65m-$80m (OMR 25-30m).”
Upon completion, Azaiba Hotel would be one of five new hotels expected to open in Oman.
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