The Syrian Investment Authority has listed, through its official investment map, an opportunity to develop the Al Arnaout Palace building in Hama governorate into a heritage hotel serving the region's tourism sector.

Location and Area

The project is located at the Al Arnaout Palace site in Hama governorate, with a designated investment area of 8,000 square meters.

Project Scope

The proposed project involves establishing a three-star heritage hotel with a capacity of at least 60 beds, along with a set of complementary commercial, service and tourism facilities. These include:

• Offices for marketing and selling traditional handicraft products
• A cafeteria
• A restaurant

The opportunity details note the possibility of placing the restaurant on the top floor of the building to take advantage of the view, provided the building's heritage value is preserved during any development or rehabilitation works.

Investment Model and Duration

The opportunity specifies a Build-Operate-Transfer (BOT) investment model for a period of 25 years.

Target Sector

The Investment Authority has classified this opportunity under the tourism sector, in line with the heritage nature of the building and its location in Hama governorate.