Popular Muscat hotel Al Falaj sold for OMR14 million

Muscat: Oman Hotels and Tourism Company on Monday said that its shareholders have unanimously approved a proposal to sell assets and business of Al Falaj Hotel (unit of Oman Hotels and Tourism Company) for OMR14 million to Aitken Spence Resorts (Middle East). The decision was taken at an extraordinary general meeting of Oman Hotels and Tourism Company on January 24.
In a separate disclosure statement on the Muscat Securities Market (MSM), Oman & Emirates Investment Holding Company said that it owns 31.2 per cent in the capital of Oman Hotels and Tourism Company and it’s an associate company.
Aitken Spence Hotels operates a chain of 24 hotels and resorts in Sri Lanka, India, Oman, and the Maldives under two premier brands — Heritance Hotels and Resorts and Adaaran Resorts and Spa, according to its website.
Located in key tourist locations, the Aitken Spence chain boasts of exotic properties such as the award winning eco-friendly Heritance Kandalama which is situated in close proximity to five Unesco world heritage sites, and the Desert Nights Camp in Oman, rated as one of the top ten desert retreats in the world.