Gulf Hotel plans renovation
THE interiors and exteriors of the Gulf Hotel's Tower Block, Al Waha Restaurant and Lounge areas will receive a complete renovation in May next year, tradearabia.com reported.
A multi-storey car park comprising 600 spaces, would also be built to further extend the existing guest car parking capacity, in view of the complex's additional facilities.
The Bahrain Hotels Company (BHC) had announced gross operating revenues for nine-month period ending September 30 exceeding the same period last year by BD1.9 million, or 14.6 per cent.
BHC board chairman Farouk Almoayyed that the increased revenues and strong control on operating costs resulted in a net profit of BD4.3 million for the period, which exceeded the same period last year by BD996,646, or 30.3 per cent. The company's earning per share reflected an increase of 38 per cent compared to the same period last year.
In March, the company opened its new venture, the Gulf Executive Residence, which houses 97 fully-furnished, luxury apartments.
The Residence, which is the first five-star serviced apartment facility in Bahrain, has exceeded expectations and substantially surpassed both the budgeted revenues and net profit during this period, said Almoayyed.
The refurbishment and extension of the Sato Japanese Restaurant together with the completion of the new, enlarged Sherlock Holmes outlet, both of which were completed during this period, are expected to further enhance revenues during the fourth quarter of the year and represent excellent additions to the company's food and beverage portfolio, he said.
Almoayyed praised the BHC management and its subsidiaries on the excellent financial results achieved so far this year and for maintaining the Gulf Hotel's leading position in the hospitality industry.