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Al Farwaniya Property Developments Signed an agreement with Hyatt International

27 - January - 2010

On January 2010 Al Farwaniya Property Development which is owned by NREC, has entered into an Operating Agreement with Hyatt International – South West Asia Limited for an initial period of 25 years on Reem Island, Abu Dhabi, UAE. The Agreement is for Hyatt International to operate 3 components within the Hotel Tower, Hyatt Place, Hyatt Summerfield suites and Hyatt Place residences.

Mr. Khaleel Al-Abdullah, Managing Partner of Al Farwaniya Property Development LLC completed the signings of The Framework Agreement and The Trademarks sub-license Agreement with Mr Peter Fulton, Managing Director of Hyatt International – South west Asia Limited. The signings of The Reservations, Gold Passport and Chain Marketing agreements were duly signed with Mr Larry Tchou, Managing Director of Hyatt GP, Hyatt International Reservations and Hyatt Chain Services Limited.