The Ministry of Investment is providing an investment opportunity through its online platform, Invest.jo, for the establishment of a heritage boutique hotel in one of Amman’s old neighborhoods.
According to the platform’s projections, the investment size is expected to be around $25 million, with an anticipated internal rate of return of 15.2 percent.
The hotel offers 105 modern rooms that maintain the essence of authenticity at affordable prices for Multi-generational travelers who prefer eco-friendly contemporary hotels over conventional ones.
The boutique hotel is a joint venture between the investor and the Amman Vision Investment and Development (AVID) company. The land will be provided by AVID as an in-kind contribution to the capital share, while the investor will design, build, operate, manage, and finance the hotel.
Source: Jordan News Agency