Shareholders of the Gulf Hotels Group and the Bahrain Tourism Company (BTC), which owns the kingdom's Crowne Plaza and the Bahrain Conference Centre, have approved a proposal for a BD35 million ($92.2 million) merger deal.
Shareholders of Gulf Hotels Group (GHG) will receive a dividend payout of 30 per cent, or 30 fils per share, totalling BD5.2 million ($13.8 million) based on last year’s financials, it has emerged, said a report in the Gulf Daily New
The Gulf Hotels Group, a leading hospitality chain in Bahrain, plans to open three additional four-star properties in the kingdom by mid-September.
The three new properties are the Gulf Inn Manama, located adjacent to Bahrain Exhibition
Gulf Hotels Group, one of the leading hospitality groups in Bahrain, recently honoured long-serving and retired employees for their service, and outstanding loyalty to hotel group and its customers.
The employees were recognised during
Gulf Hotels Group has reported a slight decline in revenues for the first quarter this year, when compared with the same quarter last year.
Total gross operating revenue was down by BD176,721 ($465,484) or 1.97 per cent to BD8.795
The K Hotel, a four-star deluxe property in Bahrain, has been awarded the 2014 Gold Circle Award from Asia’s leading hotel booking site, Agoda.com for the fourth consecutive year.
Sagar Ajinkya, assistant market manager - Agoda In
Bahrain-based hospitality group Gulf Hotels has announced plans to construct a five-star hotel at Business Bay in Dubai, which is due to open in 2017.
Gulf Hotels CEO and board member Aqeel Raees said the group had already acquire
Bahrain-based Gulf Hotels Group (GHG) has posted a 38 per cent increase in net profit at BD3.927 million ($10.41 million) for the first quarter this year when compared with BD2.851 million achieved in the same period last year.
Bahrain-based Gulf Hotels Group has announced a net profit of BD10.460 million ($27.6 million) for last year, the highest since the company's inception.
The results were announced at the company's board meeting yesterday w
Bahrain-based Gulf Hotels Group (GHG) has reported 5.6 per cent growth in net profit at BD8.076 million ($21 million) for the first nine months of the year, compared with BD7.6 million in the same period last year.
For the third q