Sri Lanka’s Aitken Spence to buy Oman’s Al Falaj Hotel
ECONOMYNEXT – Sri Lanka’s Aitken Spence Hotels said it had reached a deal to buy Al Falaj Hotel in Oman for 14 million Omani Riya;s (36 million US dollars).
The hotel, owned by Oman Hotels and Tourism Company has been managed by Aitken Spence since 2008.
Spence said the deal was subject to due diligence and regulatory approvals.
The Al Falaj hotel would be acquired though Aiken Spence Hotels International (Pvt) Ltd, a subsidiary company.
Aitken Spence said it was also managing four other hotels including Desert Nights Camp in Oman. (Colombo/Jan27/2016)