Terhab Hotel and Towers to give JVT a Grand Mercure and Adagio serviced apartments

JVT will have a new hotel managed by Accor Group. Terhab Hotel and Towers is set to open in 2019 and aims to attract both families and corporate travelers, offering guests a unique water themed play area, a vast retail space, and multiple F&B outlets in addition to extensive meetings facilities, health clubs, spas and infinity swimming pools.

“Manazil Global Property Development presents a new and innovative concept in real estate investment through Hotel Room Investment. Now the investor is able to buy a hotel Room on a 100% freehold bases for investment purposes and with added benefit to stay in the accommodation for up-to 30 days for free every year during the holidays. The remaining of the unused periods in the hotel rental pool will be deposited for renting. The prices starting from AED 603,000 with guaranteed rewarding financial return of 30% over the first 5 years,” says Engineer Abdul Mohsen Al Hammadi.

In addition, the investor will not pay any maintenance or other fees related to water & electricity, cooling and cleaning, where all those costs are paid through a rental pool according to «Terhab» hotel management program for hotel assets.

And to improve efficiency and increase financial returns, operational and safeguard the rights of investors Terhab will supervise the performance of the hotel Management Company, financial planning, administrative and legal operations for these hotel assets for an effortless Investment for the clients.

Al Hammadi added: “We have carefully selected the most successful Hotel Operator worldwide. Confident that with AccorHotels global network including more than 4,000 hotels in 94 country and recognized management experience Adagio will reward investors with the highest return on investment.”

Property Summary:

The Grand Mercure Hotel
a (5 stars ) with 164 hotel rooms and suites in addition to luxurious SPA; at five-star standard.

The Mercure Hotel
a (4 stars) with 330 hotel rooms and suites.

 

The Adagio Hotel Apartment
compromise 285 apartments consisting of Studios, one bedroom and two bedrooms apartments.

Terhab Residences
includes 396 apartments consisting of Studios, one bedroom, two bedrooms and three bedrooms apartments and duplexes.

 


Source: manazil-uae.com Photo credit: manazil-uae.com

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