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Coral Hotels & Resorts has announced plans to open the Coral Boutique Hotel Baghdad, in the Iraqi capital.
The property, in the Jadriya area, will be operated by Coral under a management agreement with United Iraqi Trading Company.
Michel Noblet, president and CEO, of Coral’s parent company Hospitality Management Holdings, said: “This development aligns perfectly with HMH’s strategic growth plans in the region. We are thrilled to take our brand to Baghdad and to welcome this amazing destination to the Coral family. Coral Boutique Hotel Baghdad embodies the distinctive experience that our guests expect from Coral along with the rich local culture and warmth. With its prime location in the prestigious Jadriya area and proximity to major business and leisure attractions, we know that it will be a very successful property. We hope to play a significant role in the emergence of Baghdad as a popular destination and leading economy in the Middle East.”
Khalid Al Yasiry, managing director of developer United Iraqi Trading Company, said: “We are excited to work with the Coral Hotels & Resorts and look forward to offering a memorable experience in terms of product and service to our valued guests. We are confident that Coral Boutique Hotel Baghdad will deliver outstanding hospitality and would be a very safe address in Baghdad being situated in a prime location as well as being equipped with the highest level of security.”
The 80-key hotel is in the final stages of development and is due to open within the next month.
The number of tourists visiting Iraq is growing rapidly. An estimated 1.5 million people visited the country in 2011, up from 1.25 million in 2009 and just 266,000 in 2006. A recent Citibank study on the fastest-growing economies placed Iraq second out of 10 nations with the most promising growth prospects for the period 2010 to 2015, with a yearly increase in GDP of 11.7 per cent.
www.coral-international.com
09/05/12
