Bahrain's Banader Hotels in talks to raise BD18m for hotel project
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Bahrain's Banader Hotels in talks to raise BD18m for hotel project

Bahrain's Banader Hotels in talks to raise BD18m for hotel project

Bahrain's Banader Hotels Co has said the stalled Banader Rotana Hotel project is expected to resume shortly after the firm secures the additional BD18m ($47.7m) funding needed for completion, Gulf Daily News has reported. "We are in talks with various banks and expect to finalise financing deals within a month," Banader Hotels chairman, Abdulla Buhindi, told the daily. The property was initially scheduled to be completed by May 2012.

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