Coral Hotels, a UAE hotel management firm, has announced the soft opening of its second property in Syria, the Coral Martini Hotel, in the midst of a devastating period for the Syrian tourism industry.
The Syrian Ministry of Tourism has published a list of 28 sites offered for development to prospective investors.
The Ministry of Tourism has cancelled the management contracts of Dedeman Hotels, a Turkish operator, for two of the country’s leading 5-star properties, including one in Damascus.
The Ministry of Tourism has agreed to six new contracts with local investors to develop hospitality projects in Tartous and Aleppo.
The number of tourists visiting Syria in the months after the beginning of the popular revolt last year declined by 64 percent compared to the same period of 2010, according to the Ministry of Tourism.
The Syrian President has granted investors in the tourism sector, the industry most affected by the political unrest, the possibility to reschedule the repayment of the loans they owe to state-owned banks.
The Ministry of Tourism is offering new properties for investment including the 4-star Jalaa Hotel on Mazzeh Motorway.
Works on a construction site for a large mixed-use project in the southern city of Suweida were inaugurated earlier this week.
Five Continents, a UAE hospitality company, has announced that it plans to open two properties in Syria in the next two years.
Arwad Tourism Company, a venture by several prominent local businessmen, has seen its contract to develop a 4-star hotel on the island of Arwad cancelled by the Ministry of Tourism, according to a local media.
The Damascus Governorate is to award a contract to Emirati investors for the development of a large hospitality and commercial project in Damascus, one of few large projects by private investors recently announced in Syria.
Jumeirah Group, a UAE hotel management firm, has said that it was continuing forward with its project to manage a 5-star Hotel in central Damascus, as new estimates put occupancy rates in local hotels at 15 percent countrywide and at close to 0 percent in Aleppo.
The Damascus Governorate has issued a tender for the development of a sports and leisure complex in the upscale district of Kafer Sousseh on Build-Operate-Transfer basis.
The Ministry of Tourism has issued a tender to conduct the ”engineering studies” to set-up a tourism project in the Hamamat Al-Sheikh Issa area in the Idlib Governorate, northwest of Syria.
Bab Al-Faraj Tourism and Hotels, the company that owns the Sheraton Aleppo Hotel, is raising its capital by an additional SYP 52 million after it received the go ahead from the SCFMS.
6th Damascus Insurance Forum
Four Seasons Hotel
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Damascus Chamber of Commerce