John Greenleaf, global head, DoubleTree by Hilton said:
"With today's signing we have two distinctive DoubleTree hotels scheduled to open in the flourishing Kurdistan region by 2015, both of which are ideally suited to meet the diverse business, leisure and lifestyle demands of the city.
"We see great potential in this area of the Middle East and look forward to bringing our signature style, service and forward thinking approach to this new market."
Known as the cultural capital of Kurdistan, the city of Sulaymaniyah boasts a number of museums and galleries and is famous across Iraq for its inspirational writers, poets and musicians. Tourists are also drawn to the area by Sulaymaniyah's relative temperate climate and nearby natural attractions including the picturesque mountain ranges which surround the city and Lake Dukan, the largest lake in Northern Iraq.
Hiwa Rauf (pictured on left), owner of Hiwa Rauf Company said:
"This hotel represents one of a series of investment projects that have been under development for a number of years, including real estate projects of Goizha City and Baharan City, and this is in addition to our continued investment in Telecommunications such as Asia Cell and Fanoos Telecom.
"We firmly believe that Iraq will continue to be one of the most attractive places to invest and, as travel to Kurdistan, and to Sulaymaniyah in particular, continues to grow it is clear that further infrastructure is required to support the expansion."
Rebaz Rauf, CEO of Hiwa Rauf Company added
"Our vision is to create long lasting developments with clear focus on functional design and attention to detail. This hotel with Hilton Worldwide will be an execution of this vision."
Melak Iraq, an Iraqi financial advisory firm, acted as adviser to Hiwa Rauf Company on the transaction.
(Source: Zawya)
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