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
 Jan 31 2015 - Bahrain's Investcorp to buy Spanish ceramics firmMENAFN
(MENAFN) Bahrain-based Investcorp said that it will be acquiring Fritta, a Spanish company that makes products for the ceramics industry, Arabian Business reported.Fritta produces important items in ...

 Jan 31 2015 - Total wins 10 percent stake in Abu Dhabi oil concessionsMENAFN
(MENAFN) French company Total said that it has signed a deal with the Abu Dhabi National Oil Company (Adnoc) for a 10 cent stake in developing oilfields in Abu Dhabi as part of oil concessions for a ...

 Jan 31 2015 - Iraqi oil exports decline in JanuaryMENAFN
(MENAFN) Iraq, OPEC's second-largest producer, registered a decline in its oil exports from its southern region in January from a record high recorded in the previous month due to shipping delays, ...

 Jan 31 2015 - Vodafone Qatar revenue up 21 percent in 9MMENAFN
(MENAFN) Vodafone Qatar's said its total revenue grew by 21 percent to USD474.59 billion for the nine months ended December 31, 2014, The Peninsula Qatar reported.The company's mobile customer base ...

 Jan 31 2015 - Qatar Airways to acquire 10 percent of IAGMENAFN
(MENAFN) Qatar Airways announced that it has bought nearly 10 percent of the parent company of British Airways and Spain's Iberia, deepening wealthy Qatar's business ties to Europe, Arab News ...

 Jan 31 2015 - Saudi RCJY signs three deals worth USD138.25mMENAFN
(MENAFN) Chairman of the Royal Commission for Jubail and Yanbu (RCJY) signed three contracts worth USD138.25 million to provide essential equipment and develop industrial zones, Arab News ...

 Jan 31 2015 - Saudi- Outspoken prince to launch pan-Arab news channelThe Peninsula
(MENAFN - The Peninsula) An outspoken, billionaire Saudi prince will on Sunday launch a pan-Arab satellite news channel aimed at challenging established networks in the region.Prince Alwaleed bin ...

 Jan 31 2015 - Qaeda in Yemen says France top enemyThe Peninsula
(MENAFN - The Peninsula) The ideological leader of Yemen-based Al-Qaeda in the Arabian Peninsula (AQAP) said Friday that France had surpassed the United States as the top enemy of Islam.With the ...

 Jan 31 2015 - Qaeda group launches assault on Western-backed Syria rebelsThe Peninsula
(MENAFN - The Peninsula) Al-Qaeda's affiliate in Syria battled Western-backed rebels Friday as the jihadists pressed their bid to seize control of northern areas, a monitoring group and rebels ...

 Jan 31 2015 - Iraq- Air strike kills IS 'chemical weapons expert'The Peninsula
(MENAFN - The Peninsula) A US-led coalition air strike killed a chemical weapons specialist with the Islamic State group in Iraq who once worked for Saddam Hussein, US military officers said ...

more...


 






Google

Electronic & Mobile Payment

 
 

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