Muzn Oman Commercial (S.A.O.C.) signed a management agreement today with HMH - Hospitality Management Holdings to operate Corp Muscat Al Muzn Hotel. The upscale 3-star hotel, with a built-up area of 12301m2 will be part of Al Muzn project that was promoted by MAJAN Development Company S.A.O.C. and being developed along with its strategic partners, as a mixed-use, one-stop destination offering multiple facilities. These include a shopping mall as well as a luxury wellness centre.
Making the announcement, Mr. Mohamed Al Kindi, Chairman of Muzn Oman Commercial (S.A.O.C.), stated, "The steady growth of tourism in Oman, with a vision to welcome 12 million visitors annually by 2020, is fuelling demand for quality mid-market hotels catering to diverse segments and Corp Muscat Al Muzn Hotel is being developed to serve that growing need. The hotel has been conceived to be a comfortable and stylish address for business and leisure travellers to Muscat. We are pleased to work with a reputed operator like HMH - Hospitality Management Holdings on this exciting new development designed to complement Al Muzn Mall".
Corp Muscat Al Muzn Hotel is expected to welcome its first guests by the first quarter of 2018. Laurent A. Voivenel, CEO of HMH - Hospitality Management Holdings, said, "Oman is a key development market for HMH and we are very proud to debut the Corp brand in the country with Corp Muscat Al Muzn Hotel. The hospitality Industry in Oman is witnessing remarkable growth at the moment and we are truly grateful to Muzn Oman Commercial (S.A.O.C.) for having given us this opportunity at these exciting times. HMH is well-positioned in the country as one of the leading ‘alcohol-free’ hotel groups equipped with the most advanced technology and we are confident Corp Muscat Al Muzn Hotel will add tremendous value to our growing presence in Oman while further strengthening our international portfolio”.
Corp Muscat Al Muzn Hotel is strategically located in Muwaleh, in close proximity to Muscat International Airport as well as major business hubs, industrial areas and government institutions. Featuring 132 guestrooms, the hotel will complement Al Muzn Mall and will offer a host of services and facilities tailored to the needs of modern business and leisure travellers. From fine quality dining, to a fully equipped business center and recreational facilities, Corp Muscat Al Muzn Hotel will provide all. Some of its key features include: multi-cuisine restaurant with room service, business centre services, conference facilities, basement car parking, free wireless high-speed Internet, rooftop swimming pool and spa facilities.
The addition of Corp Muscat Al Muzn Hotel complements a growing portfolio of HMH hotels in the Middle East and North Africa and reinforces the group's commitment to the destination of Oman. Elaborating on HMH's expansion strategy, Laurent stated, "At HMH we wish to grow the path according to our strategic plan that is sustainable in a physical sense. The GCC, with a special focus on the UAE, Oman and KSA, is central to our expansion strategy. The scale of opportunity in the region for hotels especially in the budget segment is unprecedented. By 2020 our aim to have six hotels in Oman while multiplying by four our total inventory of keys".
About Muzn Oman Commercial (S.A.O.C.)
Muzn Oman Commercial (S.A.O.C.) is leading real estate company to develop and manage a mixed-use property on 12,014 square meters plot in Muwaleh, Muscat. Muzn Oman Commercial has been established in 2015 by various leading companiesand government entities, including Majan Development Company SAOC, Qatar Oman Investment Company, National Mass Housing SAOC, and Ministry of Defense Pension Fund, The Royal Guard of Oman Pension Fund and The Sultan’s Special Force Pension Fund.
Founded in 2003 in Dubai, HMH – Hospitality Management Holdings is a fully-integrated hotel management company that prides itself on being the first hotel chain in the Middle East to offer alcohol-free safe environment. It provides hotel owners and developers a broad spectrum of comprehensive management solutions with five distinct, yet complementary, hotel brands catering to varied market segments from budget to luxury. These include The Ajman Palace Hotel, Coral Hotels &Resorts, Corp Hotels, EWA Hotel Apartments and ECOS Hotels. Through its dynamic operation and strategic expansion in the Middle East and North Africa, HMH has been successful in unlocking a world of opportunities while creating value for its stakeholders, associates, staff members and customers. Its existing portfolio features superb properties located in some of the most desirable destinations across the MENA region, as well as a healthy pipeline of hotels under development.