Opening of Mövenpick Ramallah Hotel (Jordan)
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Opening of Mövenpick Ramallah Hotel (Jordan)
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Category: Middle East - Jordan - Industry economy -
Hotel opening
This is a press release selected by our editorial committee and published online for free on 2011-01-12
Kingdom Holding holds 33.3% stake in Mövenpick Hotels and Resorts
Mövenpick Ramallah Hotel in Palestine has been opened. Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud owns a 33.3% stake in Mövenpick Hotels and Resorts that manages the Mövenpick Ramallah Hotel.
The hotel consists of 171 comfortably equipped and elegantly decorated bedrooms and suites. The hotel is situated 3km from the city shopping and entertainment amenities and a view of the suburbs of Jerusalem from the upper floors of the hotel.
In addition to KHC’s current holding of Mövenpick Hotels and Resorts, KHC has ownership interest in 7 Mövenpick operating hotels through Kingdom Hotel Investments (KHI) including El Gouna; Bur Dubai & Residences, Dubai, UAE, Royal Palm Hotel, Tanzania, Mövenpick Mauritius, South West Coast, Mauritius, Karon Beach Resort, Phuket, Thailand, Mövenpick Beirut, Beirut, Lebanon and El Qusair, Red Sea Coast, Egypt, and currently under construction Mövenpick Ambassador, Accra, Ghana.
Mövenpick Hotels & Resorts, an upscale hotel management company with over 12,000 employees, is represented through over 90 hotels existing or under construction in 27 countries with a concentration on its core markets in Europe, Africa, the Middle East and Asia. The international hotel group with roots in Switzerland is expanding and has a stated objective of increasing its hotel portfolio (existing and under construction) to 100 in the near future. With two hotel types, business and conference hotels, as well as holiday resorts, Mövenpick Hotels & Resorts has clearly positioned itself in the upscale segment and stands for quality, reliability and care with a personal touch. The hotel group is 66.7% owned by Mövenpick.
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