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 company’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.”



Khaleej Times

  MENA News Headlines
 Oct 9 2015 - Qatar- QSE falls 34 points, bullish phase continuesGulf Times
(MENAFN - Gulf Times) Qatar Stock Exchange failed to surpass the 11,800 mark as its key index lost 34 points, after being in a bullish phase for the last three consecutive sessions.Consumer goods, ...

 Oct 9 2015 - Saudi said to order spend curbs amid oil price slumpGulf Times
(MENAFN - Gulf Times) Saudi Arabia is ordering a series of cost-cutting measures as the slide in oil prices weighs on the kingdom's budget, according to two people with knowledge of the matter.The ...

 Oct 9 2015 - KSA- SABB Q3 profit rises 7.7% to $304mnGulf Times
(MENAFN - Gulf Times) Saudi British Bank (SABB), the kingdom's fifth-largest bank by assets, posted a 7.7% rise in third-quarter net profit yesterday, in line with analyst forecasts. The bank, an ...

 Oct 9 2015 - Qatar wealth fund said interested in Glencore agriculture unit saleGulf Times
(MENAFN - Gulf Times) The sovereign wealth fund of Qatar has joined investors expressing an interest in buying a minority stake in Glencore's agriculture business, according to three people familiar ...

 Oct 9 2015 - Almost 300 Europe-bound migrants arrested in LibyaGulf Times
(MENAFN - Gulf Times) Libyan authorities said almost 300 migrants, a third of them from Senegal, were arrested Thursday as they prepared to board boats for the Mediterranean crossing to Europe."After ...

 Oct 9 2015 - Netanyahu moves to lower tensions over holy siteGulf Times
(MENAFN - Gulf Times) Prime Minister Benjamin Netanyahu has banned Israeli cabinet ministers and legislators from visiting a sensitive Jerusalem holy site where rising tensions have spilled over into ...

 Oct 9 2015 - France carries out fresh strikes against IS in SyriaGulf Times
(MENAFN - Gulf Times) France said on Friday it had carried out a second wave of strikes overnight on Islamic State targets in Syria and accused Russia of failing to target the group."Two Rafale jets ...

 Oct 9 2015 - UN envoy proposes Libya unity governmentGulf Times
(MENAFN - Gulf Times) UN envoy Bernardino Leon proposed a Libyan unity government on Friday aimed at ending years of conflict, but the plan was quickly dismissed by members of the country's two rival ...

 Oct 9 2015 - Tunisian dialogue mediators win Nobel Peace PrizeGulf Times
(MENAFN - Gulf Times) Tunisia's National Dialogue Quartet won the Nobel Peace Prize on Friday for building democracy in the country after the 2011 revolution which unleashed the Arab Spring.The award ...

 Oct 9 2015 - Four Arabs stabbed in southern Israel, Jewish suspect heldGulf Times
(MENAFN - Gulf Times) Four Arabs were stabbed in a town in southern Israel on Friday and a Jewish suspect was arrested, police said. The attacks follow a surge in knife violence by Palestinians ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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