One of the world’s largest hotel companies which owns, operates, franchises and manages over 1,110 hotels, resorts, spas, residences, and vacation ownership properties worldwide under several brands employing over 170,000 people is considering entering into a management contract for a hotel to be built to their specifications on a plot in which the Fund Operator has an indirect interest. Beneficial ownership and title of the plot and the hotel will be with the fund.
The negotiations are subject to a confidentiality agreement
The hotel will be constructed to the US Green Building Counsel’s LEED standards on an audited cost plus fee basis by Messrs. Sarco of Dubai; www.sultangroup.ae
