Movenpick Hotels Resorts taps into Iraqs hotel market potential as Basra property deal signed for 2018

Travel and Lifestyle Press Releases Monday January 8, 2018 11:34
Bangkok--8 Jan--Delivering Asia Communications
Agreement to manage Moevenpick Hotel Basra, scheduled to open in Q1 2018, will meet demand for upscale hotels in country's thriving economic capital
Moevenpick Hotels & Resorts will open a new property in Basra early this year as it looks to capitalise on the city's status as Iraq's economic capital and a regional oil and gas hub.

The global hospitality firm has signed a deal with Mr. Akeel Ibraheem Al-Khalidy to manage the five-star Moevenpick Hotel Basra, a 152-key property that is on track to open its doors in the first quarter of 2018.

Strategically located in the center of Basra, within the commercial district of Al Baradi'yah and 25km west of Basra International Airport, the new property will fill a gap in the market for upscale hotels.

"Basra is one of the Middle East's fastest-growing economic centres, a major oil producer and is undergoing rapid infrastructure development, so the time is right for Moevenpick to cement its presence in this flourishing city," commented Olivier Chavy, President & CEO, Moevenpick Hotels & Resorts.

"Our upcoming property will cater to pent-up demand from the corporate sector, which contributes around 90% of hotel demand in Basra due to the high volume of oil and gas and shipping companies based in this booming region of Iraq."

Moevenpick Hotel Basra will feature high-quality rooms and suites, dining venues and facilities that target corporate guests, investors and local companies operating in Basra, which include some of the world's largest multinational energy firms.

Amenities will include one all-day dining and one specialty restaurant; an executive lounge and a lobby lounge; a meetings and events area featuring a 700-square metre ballroom, multi-functional hall and meeting room; an indoor swimming pool, gym, spa, and beauty salon; and a retail area.

Mr. Akeel Ibraheem Al-Khalidy, Chairman of the South Group Corporation and Chairman of the Committee on Economic Development and Investment, part of Basra Council, said: "With tens of thousands of foreign workers and businessmen travelling in and out of Basra every day and thousands more based in the city, Moevenpick Hotel Basra will be well placed to provide them with high-quality business, dining and leisure facilities and accommodation that set new hospitality standards in this thriving area of Iraq."


Latest Press Release

THAI Together with TAT, AOT, Krungthai Form Alliance for Thailands Sustainable Growth

Thai Airways International Public Company Limited (THAI) held a panel discussion on "Power of State-Owned Enterprises, Synergy to Win," which was chaired by Mr. Somkid Jatusripitak, Deputy Prime Minister, in the Auditorium at THAI's Head Office. The...

QANTAS OFFERS FREE VODAFONE SIM CARD TO STUDENTS STUDYING IN AUSTRALIA

Qantas Airways is providing free Vodafone sim cards to students from Thailand on 'student visa' who will travel to study in Australia upon a purchase of Qantas air tickets until December 31, 2018. The Vodafone sim card is worth A$30 and it works on all...

The Tourism Authority of Thailand Launches Joyful Chanthaburi Route to Showcase the Local Thainess

The Tourism Authority of Thailand (TAT) recently launched a new tourism route in Chanthaburi province under the concept "Joyful Chanthaburi". This new route will provide the tourists with an unforgettable experience of local Thainess. Chanthaburi is a...

Photo Release: Warm Welcome for The Far Eastern University Inspection

The students and lecturers from department of Business English at Far Eastern university did a hotel inspection and had lunch at L room, dusitD2 chiang mai. they were welcomed as well as greeted warmly by the management team of dusitD2 Chiang...

Soak in the Mystique of the Kumbh Mela With The Ultimate Travelling Camp (TUTC)

Kumbh Mela, the largest peaceful congregation of pilgrims on earth and recognised by UNESCO as an Intangible Cultural Heritage of Humanity, has a history that dates back to thousands of years. The grandeur of the cultural extravaganza celebrated at four...

Related Topics