The Board of Directors of IWCity (“Board”) wishes to announce that the Company had on 4th March 2024, signed a Memorandum of Understanding (“MOU”) with Meliá Hotels International in relation to the management of the Hotel to be developed by the Company or any of its subsidiaries or affiliates or related companies (“Developer”) under Meliá Hotels International’s “Meliá Hotels & Resorts” brand (“Brand”) (“Proposed Collaboration”).
Please refer to the attachment in relation to the MOU for further details.
This announcement is dated 4 March 2024.