Green Valley Real Estate and Central Hotel Management Group have signed a partnership agreement to manage hotel properties, with the former currently having projects in Turkey.
The signing ceremony was attended by Green Valley Real Estate Group director general Ali Al Salami, and Central Hotel Management chairman Ahmad Al Abdullah Al Ansari.
This cooperation will kick off with Central Hotel Management Group managing a number of Green Valley’s projects in Turkey, followed by projects in Morocco, Georgia and Bosnia. The new brand will be named 'Green Valley Central' and will manage all projects in Bursa, Yaluva, Trabzon and Sapanca.
Al Salami said in a statement: "We are pleased to sign this partnership agreement with Central Hotels Management group to manage our projects in Turkey. This agreement comes to fulfill our promises to esteemed customers who bought their units in Turkey on a hotel system basis, which offers them good investment returns in attractive tourist destinations."
Established in 2004, the Green Valley Real Estate Group owns a total of 42 real estate development projects across the globe, and all its projects in Turkey are now under the hotel property management system, although most of its projects were not previously part of such arrangement.
Green Valley Central also plans to expand in Morocco, Georgia and Bosnia at a later stage.