ibis seef19 Jan 2015 20:03
Yes they are taking bookings from the 25th the money should start rolling in nicely, this hotel along with its serviced apartments should be a cash cow for ahcg along with meeting strong demand for 3* hotels in the area. I've researched the location extensively and I have to say its excellent, very up and coming hence should give us huge appreciation of land and building as ahcg own the freehold. Infact in the time ahcg have built the hotel property prices have rocketed nearly 60% plus in the area. This should start pushing up the daily room rates very soon. As mentioned by ahcg in their last release they will rerate the value of ibis seef on the balance sheet now that it is a completed hotel, with the added increase in value in the manama area we should be in for a very pleasent surprise in regards to net asset value. Ahcg is possibly one of the most credible and unvervalued hotels stocks on the London stock exchange.