Real Estate

Muscat / EMIRATES BUSINESS Muscat National Development and Investment Company (ASAAS) unveiled its second mega-project this year announcing its plans to build a four-star hotel and an Urban Park, managed and operated by Hilton Worldwide under the brand Hilton Garden Inn. The project, a result of an agreement with Muscat Municipality will come up in a 16,000sq m plot in ...

Bloomberg Starwood Hotels & Resorts Worldwide Inc., owner of brands such as Westin, Sheraton and W, said it plans to accept a $13.2 billion takeover bid by China’s Anbang Insurance Group Co. and gave suitor Marriott International Inc. a deadline to make a counteroffer. Anbang and its partners will pay $78 a share in cash for Starwood, according to a ...