Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Habtoor Hotels Present 2014 Budget Plan  Join our daily free Newsletter

MENAFN - Arab Times - 14/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Khalaf Ahmad Al Habtoor was presented the budget for Habtoor Hotels for 2014. Henning Fries, Group Director, Habtoor Hotels presented the projections to the Al Habtoor Group Chairman at the Al Habtoor Group head office on Wednesday, Dec 11, 2013. Also present was Sultan Al Habtoor, President of Al Habtoor Motors and senior executives of the Al Habtoor Group, as well as key people from each of Group's hotels.

The Al Habtoor Group currently owns and operates three hotels in Dubai - Habtoor Grand Beach Resort and Spa, Metropolitan Palace Hotel and Metropolitan Hotel Deira. It also has two hotels in Lebanon - Hilton Beirut Metropolitan Palace and Hilton Beirut Habtoor Grand. In addition it has the historic Le Mridien Budapest, which is ideally located in the heart of Budapest a few steps from the River Danube.

The Group's hotel arm is expanding aggressively. It is about to open the luxury Waldorf Astoria Dubai Palm Jumeirah, which will come into play early 2014. Al Habtoor called this project a "major milestone for the Group."
Henning Fries told the Group the hotels division saw a 12 per cent jump in overall revenue from existing properties, driven by both average rate and occupancy increases. He said momentum is expected to build even furthern 2014. He said, "We are confident about the growth Dubai will experience in 2014 and beyond... We will see double digit increases in more areas, as there continues to be strong demand from established and new markets."


He added that the Hotels division is already making preparations for the Group's mega development, 'Al Habtoor City' - a mixed-use development which will combine ultra-luxury hotel living with 5-star residential ambiance. It will include three residential towers and three world-class hotel brands from Starwood - including the first-ever St Regis in Dubai, a flagship W and a new Westin, with more than 1,600 keys between them. Plus, it will have the added attraction of purpose built theatre and permanent Franco Dragone production.

Fries said, "Our properties outside the region continue to do well and will equally see further positive contributions to the profitability of the Group."
Al Habtoor added, "Dubai's economy is very strong, and since our successful bid to host Expo 2020 it will only get stronger. We have to be mobilized and ready to welcome the additional visitors. I want to ensure that we give each guest the quality of service they deserve. We want to ensure that once a guest has visited one of our properties, that they want to return."

 


Arab Times




  MENA News Headlines
 Jun 28 2016 - US dollar stable against Kuwaiti dinar at KD 0.301, euro rises to KD 0.334Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- The US dollar on Tuesday stabilized against the Kuwaiti dinar at KD 0.301, as the euro rose to KD 0.334, compared to Monday''s trades, ...

 Jun 28 2016 - Kuwait- His Highness Premier Sheikh Jaber Al-Mubarak hosts outgoing Armenian ambassadorKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received on Tuesday the outgoing Armenian Ambassador to the ...

 Jun 28 2016 - 8 wounded in Turkey car blastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISTANBUL, June 28 (KUNA) -- A booby-trapped car blew up in Diyarbakr in southeastern Turkey on Tuesday wounding at least eight persons, the Ekhlas news agency ...

 Jun 28 2016 - Juncker calls on Cameron to clarify situationKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, June 28 (KUNA) -- President of the European Commission Jean-Claude Juncker said here Tuesday that he will ask British Prime Minister David Cameron ...

 Jun 28 2016 - French shares rebound strongly after early steep lossesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, June 28 (KUNA) -- Share prices on the Paris Stock Exchange rebounded strongly by almost 3.0 percent in morning trading Tuesday, following a lost of nearly ...

 Jun 28 2016 - Kuwait Foreign Ministry condemns bombings in LebanonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, June 28 (KUNA) -- The Foreign Ministry on Tuesday expressed strong condemnation of the terrorist blasts that occurred close to the Lebanese custom ...

 Jun 28 2016 - Kuwait's Al-Najat Charity offers Eid aid to Syrian refugees in JordanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) AMMAN, June 28 (KUNA) -- Kuwait-based Al-Najat Charity on Tuesday started offering relief aid to Syrian refugees in Jordan for the Muslim holy fasting month of ...

 Jun 28 2016 - Jerusalem holy site closed to non-Muslims after violenceThe Peninsula
(MENAFN - The Peninsula) Israeli security forces stand guard at the entrance of theAl-Aqsamosque compound in Jerusalem''s Old City, on June 27, 2016, following a second day of clashes between Israeli ...

 Jun 28 2016 - Suicide bomber kills nine at Iraq Sunni mosque: officialsThe Peninsula
(MENAFN - The Peninsula) Baghdad:A suicide bomber detonated explosives at a Sunni mosque near Baghdad where worshippers were gathered for prayers, killing at least nine people, officials said ...

 Jun 28 2016 - Assad's uncle charged in Paris with corruption: anti-graft groupThe Peninsula
(MENAFN - The Peninsula) Paris:Paris prosecutors have charged the uncle of Syrian President Bashar al-Assad with corruption, an anti-graft group said Tuesday. Rifaat al-Assad, 78, who was ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help