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.”

business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Dec 28 2014 - Saudi's RCJY signs USD107.43m dealsMENAFN
(MENAFN) The Royal Commission for Jubail and Yanbu (RCJY) announced it has signed two contracts worth USD107.43 for the construction of a residential complex for the commission staff in Ras Al-Khair ...

 Dec 28 2014 - Saudi GOSI investments hit USD14.37b in 2014MENAFN
(MENAFN) The General Organization for Social Insurance (GOSI) announced that the value of its domestic investments has exceeded USD14.37 billion in 2014, which were circulated in nearly 68 companies, ...

 Dec 28 2014 - ME tourism grows strongly after slumpMENAFN
(MENAFN) After three years of decreasing figures, tourism numbers have rebounded this year, with data from a United National agency showing 4 percent growth in the first 10 months of 2014, Arabian ...

 Dec 28 2014 - Dubai's Danube invests USD81m on tower projectMENAFN
(MENAFN) Dubai's Danube Properties announced that it will be investing USD81.6 million on its affordable luxury apartment project 'Glitz by Danube', Arabian Business reported.The project will include ...

 Dec 28 2014 - Dubai's DI to invest USD2.7b on property projectsMENAFN
(MENAFN) Dubai Investments PJSC announced it has plans to invest USD2.7 billion in real-estate projects in the next five years, due to the increase in demand for property in the emirate, Gulf ...

 Dec 28 2014 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency)  Groups of Jewish settlers on Sunday stormed Al Aqsa Mosque yards via the Al-Magarbah Gate.The settlers toured in groups the Mosque's yards in a provocative manner under ...

 Dec 28 2014 - Public Holiday announced for Prophet Mohammad's BirthdayJordan News Agency
(MENAFN - Jordan News Agency)  All ministries, government departments and public institutions will observe a holiday on Saturday, 12 Rabi' al Awwal, 1436 Hijri corresponding to January 3, 2015, on ...

 Dec 28 2014 - Jordan to observe holiday on New Year's DayJordan News Agency
(MENAFN - Jordan News Agency)  All ministries, public departments and institutions will observe a holiday on Thursday, January 1, 2015 on the occasion of the New Year's Day, according to a ...

 Dec 28 2014 - Cold weather forecast over next two daysJordan News Agency
(MENAFN - Jordan News Agency)  A slight drop in temperatures is expected today and the weather will be cold in the hilly areas but fair in the Jordan Valley and Aqaba.According to the Jordan ...

 Dec 28 2014 - Israeli forces arrest 11 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency)  Israeli occupation forces on Sunday arrested 11 Palestinians from various parts of the occupied West Bank.Palestinian sources reported that the occupation forces ...

more...


 






Google

Click to Apply

 
 

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