17 August 2015
Muscat: The State General Reserve Fund (SGRF) of Oman said that it acquired a controlling stake in Marriott Ambassador Paris Hotel by buying 90 per cent of its shares.
The transaction was completed through a joint venture with Westmont Hospitality Group (WHG), which will own 10 per cent of the hotel shares and will provide the operational oversight to the hotel.
WHG has an experience in managing budget to upscale hotels and currently operates about 350 hotels across North America and Europe under multiple hotel franchise brands.
A destination in the heart of Paris' illustrious Opera District, the Paris Marriott Opera Ambassador Hotel, Galeries Lafayette is just two blocks away and views of the Eiffel Tower, just a few minutes from the hotel. It also offers complimentary wired and wireless Internet is available throughout the property and breakfast options, for a fee, are plentiful.
Muscat: The State General Reserve Fund (SGRF) of Oman said that it acquired a controlling stake in Marriott Ambassador Paris Hotel by buying 90 per cent of its shares.
The transaction was completed through a joint venture with Westmont Hospitality Group (WHG), which will own 10 per cent of the hotel shares and will provide the operational oversight to the hotel.
WHG has an experience in managing budget to upscale hotels and currently operates about 350 hotels across North America and Europe under multiple hotel franchise brands.
A destination in the heart of Paris' illustrious Opera District, the Paris Marriott Opera Ambassador Hotel, Galeries Lafayette is just two blocks away and views of the Eiffel Tower, just a few minutes from the hotel. It also offers complimentary wired and wireless Internet is available throughout the property and breakfast options, for a fee, are plentiful.
© Oman Daily Observer 2015
