Oman's Garden Hotel sold for $18.4m
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Oman's Garden Hotel sold for $18.4m

Oman's Garden Hotel sold for $18.4m

Dhofar Investment and Real Estate Services, a subsidiary of Oman's Dhofar International Development & Investment Holding Co (DIDIHC), has signed an agreement to buy the Garden Hotel for OR10m ($18.4m), Oman Daily Observer has reported. According to the share sale and purchase agreement, DIDIHC and its subsidiary will purchase 99.9% and 0.1% shares, respectively, of Garden Hotel from its current owners Salim bin Mustahil al Maashani and Al Tamman Trading Establishment.

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