Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Rotana announces 10 new properties  Join our daily free Newsletter

MENAFN - Khaleej Times - 05/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The new hotels will enable to strengthen our market share in high demand areas.

leading hotel management company rotana announced the signing of 10 new hotels in the uae iran tanzania and sudan during arabian travel market 2014 which are expected to open before 2020.

cementing its position as the largest hotel operator in the uae rotana — with a portfolio of properties across the middle east africa south asia and eastern europe — has signed five new hotels in dubai which will increase the company’s total number of properties in the emirate to 20.

the company is looking ahead to a 2017 opening in the busy creek district of 280 rooms combined in two hotels a 2018 opening in al barsha of a 163-room property under the arjaan hotel apartments by rotana brand and a 528-room hotel under the rotana hotels & resort brand combined with a 100-room property under the arjaan hotel apartments by rotana in the wafi area also set to open by 2018. the new properties will bring rotana’s total number of rooms in the uae to 13518.

“dubai continues to be a focus market for us and with expo 2020 expected to further boost an already strong hospitality market we plan on widening our footprint in the emirate. the new hotels will enable us to strengthen our market share in high demand areas” said omer kaddouri president and chief executive officer of rotana.

rotana also announced its plans to enter the iranian market with four properties all of which will be opened under the cmpany’s alcohol-free brand rayhaan hotels & resorts by rotana. the first two hotels are set to open in the city of mashhad a 362-room hotel in 2017 followed by a 275-room hotel in 2018. in tehran rotana will launch two further rayhaan properties by 2018 — a five-star hotel that will house 194 rooms and a four-star hotel that will include 210 rooms.

the new hotel signed in sudan will mark the arrival of the second rotana property in the sudanese capital following the al salam rotana property in khartoum. the hotel is set to open its doors by 2019 with 221 rooms. rotana has also signed on a 249-room project in the tanzanian capital dar es salaam.

“the opening of these new hotels in these four markets falls in line with our strategic goal to operate 100 hotels by 2020. these are in addition to the properties announced earlier which will open in turkey erbil jordan and qatar. as the middle east’s most successful homegrown hospitality brand we believe we are well positioned to execute these expansion plans and to venture into new territories. iran’s tourism industry is bouncing back highlighting the tremendous potential it has within the hospitality sector. considering the increasing international interest in iran we are anticipating an excellent response for our four debut projects in the country” added kaddouri.

“every new hotel will feature a mix of accommodation choices coupled with rotana’s world-class standards of hospitality.”

business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jul 29 2016 - Saudi injects billions in Asia to draw clients for its oilMENAFN
(MENAFN) With crude prices deteriorating by more than half in the previous two years, the Saudis and other oil-rich nations are basically fighting to lock in and guarantee customers, according to the ...

 Jul 29 2016 - Oman's logistics flourish amid steady political climateMENAFN
(MENAFN) the logistics sector in Oman is not projected to be impacted although oil prices continue to fall, on the back of the vast investments being made in ports, airports and roads sectors ...

 Jul 29 2016 - Kuwait supports Niger's infrastructure with major loanMENAFN
(MENAFN) The Kuwait Fund for Arab Economic Development (KFAED) closed USD19.7 million loan arrangement with African Niger to fund a vital transportation scheme.Accordingly, this is the 12th loan ...

 Jul 29 2016 - Ooredoo SSM's sell iTunes, Facebook, Steam, Xbox, Google Play vouchers and moreThe Peninsula
(MENAFN - The Peninsula) Ooredoo and Osool Media officials after signing a partnership agreement. Doha: Ooredoo, in partnership with Osool Media, have today announced the official launch of a ...

 Jul 29 2016 - Diversions on East Industrial Road, Al Mamoura Underpass and service road on D-Ring RoadThe Peninsula
(MENAFN - The Peninsula) Doha: The Public Works Authority (Ashghal) has announced that it will put in place a temporary diversion on part of the southbound lanes of the East ...

 Jul 29 2016 - Petrol prices to go up marginally in AugustThe Peninsula
(MENAFN - The Peninsula) DOHA: Petrol prices will see a 5 dirhams rise in August, according to the new price list issued by the Ministry of Energy and Industry. Both Super grade petrol and ...

 Jul 29 2016 - Qatar- HH the Emir Holds Session of Talks with Argentinian PresidentThe Peninsula
(MENAFN - The Peninsula) Buenos Aires: HH the Emir Sheikh Tamim bin Hamad Al-Thani and President of the Argentine Republic, Mauricio Macri, held a session of official talks on Thursday night ...

 Jul 29 2016 - Qatar- Photo Album: Emir in ArgentinaThe Peninsula
(MENAFN - The Peninsula) if(window.innerWidth < 728){ googletag.display('div-gpt-ad-796530061225000279-1'); } ...

 Jul 29 2016 - Brexit heralds a new era in UK-GCC relations?The Peninsula
(MENAFN - The Peninsula) By Sean Evers You";re landing at New York";s LaGuardia Airport on the 'expressway” approach—it";s called that because you come in low enough to buzz the ...

 Jul 28 2016 - Wagner rips apart rusty ZimbabweThe Peninsula
(MENAFN - The Peninsula) Zimbabwe batsman Hamilton Masakadza runs past bowler Neil Wagner during the first day of the first test match in a series of two tests between New Zealand and hosts Zimbabwe ...

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