SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Mövenpick Hotels & Resorts' Pakistan Presence Blooms as Firm Signs New Property in the ‘City of Gardens'
 

Hospitality firm secures its third project in the country in just two years as agreement to manage Mövenpick Hotel & Apartments Lahore is finalised

Dubai, United Arab Emirates, 19 April 2017 – Mövenpick Hotels & Resorts has expanded its footprint in Pakistan after finalising an agreement to operate its third property in the country. The Swiss hospitality firm has signed a deal with the Orient Group of Companies to manage the 310-key Mövenpick Hotel & Apartments Lahore, part of a new mixed-used development the government has earmarked as the city’s new commercial hub.

Set to be one of the tallest buildings in Pakistan when it opens in 2021, the property will be the focal point of the high-profile Finance and Trade Centre project in Johar Town, an up-and-coming district earmarked for significant development. 

The hotel will also be close to the Lahore International Expo Centre, the Bank Square financial precinct and several corporate and government offices, as well as new and upcoming theme parks and shopping malls.

“Mövenpick Hotel & Apartments Lahore will be perfectly positioned to capitalise on the significant resident and visiting population this new commercial hub will attract,” said Mian Ahmad Fazal, Executive Director of Orient Group of Companies.

“We are pleased to be able to support the government’s ambitions for infrastructure development and look forward to Mövenpick Hotels & Resorts setting new hospitality standards in Lahore, as it has in other key cities across the region.” 

Known as the ‘city of gardens’, Lahore is the Punjab province’s capital and its commercial and banking centre. 

The Finance and Trade Centre development, which aims to grow the city’s prominence as a regional financial hub, comes as Pakistan ploughs significant investment into developments designed to transform the country’s economic landscape.  

Located at the heart of this new project, Mövenpick Hotel & Apartments Lahore will feature 260 rooms and 50 serviced apartments; five restaurants and lounges; 1,500 square metres of meeting and event space, including a large ballroom; a 700-square-metre spa and fitness area; and a kids’ club and business centre.

Mövenpick already operates the 407-room Mövenpick Hotel Karachi and is scheduled to open the 361-key Mövenpick Hotel Centaurus Islamabad in 2018.

“Signing our third property in Pakistan marks yet another milestone in our expansion strategy, which focuses on operating properties in key gateway cities across the Middle East and Asia regions,” said Andrew Langdon, Chief Development Officer, Mövenpick Hotels & Resorts.

“Pakistan is undergoing rapid development and we are actively seeking opportunities to further expand our footprint in a country that offers strong growth potential.”
 


Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 126752 times
PR Category : Real Estate & Retail
Posted on : Wednesday, April 19, 2017  4:59:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Previous Story : Middle East Council Of Shopping Centres hosts RECon Forum – ...
Next Story : Thousands join in Doha Festival City's opening day celebrati...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Preventing Famine and Deadly Disease Outbreaks in Gaza Requires Faster, Safer Aid access and more Su... [21928-Views]
Dyson Air Purifiers in UAE and KSA Collect most dust and Pollutants in Winter Months [21133-Views]
Formula E Driver Pascal Wehrlein Eyes Strong Performances at Saudi Arabia's Diriyah E-prix Races [17991-Views]
Royal Commission for AlUla's Governor Formally Inaugurates Qatar Airways Direct Flight connecting Do... [16068-Views]
Beautyworld Saudi Arabia Returns for 4th Edition: 11-13 February 2024 [15351-Views]
Qatar Airways Commemorates Network Expansion in Saudi Arabia with Special Ceremony in AlUla [14568-Views]
Ford Performance Announces Global Mustang GT3 Factory Driver Squad [14346-Views]
The Dyson AirstraitTM Straightener Soon to Arrive in the UAE and KSA! [13885-Views]
Visit Qatar Showcases “Hayyakum Qatar” in Riyadh Boulevard [13825-Views]
EASA Partners with IATA to Counter Aviation Safety threat from GNSS Spoofing and Jamming [13639-Views]
Air Cargo Demand Surges 10.8% in December, Closing 2023 Near 2022 Levels [13507-Views]
Winners Revealed for “TRT World Citizen Awards” [13454-Views]
Almana Wins First Place in Beneficiary Experience Satisfaction Rate for 2023 [12883-Views]
Saudi Premium Residency Center Launches Five New Products to Attract and Retain Talents, Investors a... [12738-Views]
Pascal Wehrlein and Porsche Top the Podium at 2024 Hankook Mexico City E-prix [12599-Views]
Queen of Arab Pop Nancy Ajram Set to Amaze Audiences with a Live Concert in AlUla for the First Time [12551-Views]
AlUla on Wheels returns with new “Year-round” Residency [12421-Views]
The Dyson AirstraitTM straightener now available in the UAE! [12318-Views]
Time on Loeb's Side after tough Dakar Day for BRX [11933-Views]
Oman's Smart Vision Summit Gains Momentum with XS.com as Global Sponsor [11725-Views]
 
RSS Facebook Twitter LinkedDin SaudiArabiaPR.com on Instagram
 
Top Sections
 
Top Stories