Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Hospitality management Holdings to double Dubai portfolio by 2020  Join our daily free Newsletter

MENAFN - Khaleej Times - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Lling out its expansion strategy at the region?s largest hospitality show the dubai-based hotel management company said new hotels will boost the existing hmh portfolio by 25 per cent.hospitality management holdings or hmh has announced its expansion plan at the arabian travel market with an aim to double its portfolio in dubai and having a hotel in every gcc country by 2020.rolling out its expansion strategy at the region’s largest hospitality show the dubai-based hotel management company said new hotels will boost the existing hmh portfolio by 25 per cent.in addition hmh has a solid development pipeline with the group scouting opportunities to roll out its budget brand to cater to the growing segment of low-cost travellers the company said in a statement.hmh chief executive officer laurent a. voivenel said: “by 2020 our aim is to have a hotel in every gcc country while doubling our portfolio in dubai and we certainly believe it is achievable. dubai’s successful bid for world expo 2020 is a massive stimulant for the entire [gcc] region’s hospitality and meetings industry accelerating economic growth and development.”“the gcc’s hospitality market is expected to grow at an annual rate of 8.1 per cent to 28.3 billion by 2016 compared to 19.2 billion in 2011. the expo will deliver global exposure for the uae and its tourism sector including its world-class infrastructure. therefore being based in dubai it presents an unprecedented opportunity for our group and our various brands that we are eager to capitalise on.”hmh has a strong presence in the region with 20 hotels in operation and five new properties opening later this year in quick succession. coral muscat hotel & apartments coral dubai sports city hotel & apartments coral beirut concorde hotel ewa khartoum hotel & apartments and ewa port sudan hotel & apartments are all in advanced stages of development and are expected to welcome their first guests by the last quarter of 2014 or the beginning of 2015.laurent stressed: “besides these five hotels we plan to add another two properties to our portfolio in 2015 and two in 2016. with a value-oriented and disciplined approach our objective is to unlock hmh’s full potential while maximising operating performance of each asset we put our name to.”“we provide hotel owners and developers a broad spectrum of comprehensive management solutions with five distinct yet complementary hotel brands catering to varied market segments from luxury to budget.”


 


Khaleej Times




  MENA News Headlines
 Oct 30 2014 - UAE- Hawaii lava flow reaches home threatens townKhaleej Times
(MENAFN - Khaleej Times) Red-hot lava from a slow-erupting volcano has reached a home on Hawaiis Big Island and is threatening an entire town emergency officials said Tuesday. The lava flow from ...

 Oct 30 2014 - UAE- Slow-moving lava creeps closer to Hawaii homesKhaleej Times
(MENAFN - Khaleej Times) A branch of the molten stream was less than 100 yards (90 meters) from a two-story house.This photo provided by the US Geological Survey shows the lava flow from Kilauea ...

 Oct 30 2014 - UAE- Mudslide buries Sri Lanka tea labor quartersKhaleej Times
(MENAFN - Khaleej Times) The military has mobilized troops to help in the rescue operations. Colombo Sri Lanka: A mudslide in central Sri Lanka has buried several rows of workers’ houses at a ...

 Oct 30 2014 - UAE- 10 people killed 200 missing in Sri Lanka after mudslidesKhaleej Times
(MENAFN - Khaleej Times) A local hospital source said that two men and a woman rescued from the mud had been brought in for treatment. Colombo: Around 200 people were reported missing and 10 ...

 Oct 30 2014 - UAE- Heavy rains continue in Telangana two deadKhaleej Times
(MENAFN - Khaleej Times) Two women both sisters were washed in the swirling waters of a rivulet near Madgula village in Guntur district of Andhra Pradesh as heavy rains caused by Cyclone Nilofar ...

 Oct 30 2014 - UAE- Magnitude 6.1 earthquake hits near Samoa: USGSKhaleej Times
(MENAFN - Khaleej Times) A police spokeswoman in the capital Apia told Reuters by telephone that the quake had not been felt in the city and that she was unaware of any damage. Sydney: A 6.1 ...

 Oct 30 2014 - Ottawa shooting was madmans last desperate act says motherKhaleej Times
(MENAFN - Khaleej Times) Susan Bibeau said her estranged son had wanted to travel to Saudi Arabia to study Islam and the Quran not Syria to join militant fighters. Michael Zehaf-Bibeau killed by ...

 Oct 30 2014 - UAE- Kidnapped women used by Boko Haram on front line: Rights groupKhaleej Times
(MENAFN - Khaleej Times) Suspected militant fighters kidnapped about 30 children including girls as young as 11 in Borno state at the weekend. Lagos: Boko Haram has used kidnapped young women and ...

 Oct 30 2014 - Ottawa gunman made video before attack: PoliceKhaleej Times
(MENAFN - Khaleej Times) Michael Zehaf-Bibeau who was shot dead by police in the parliament in Ottawa after killing a soldier Wednesday was mentally ill and wanted to die his mother wrote in a ...

 Oct 30 2014 - UAE- Nepal bus crash kills 14 injures dozens: PoliceKhaleej Times
(MENAFN - Khaleej Times) Among those killed Friday were two people including a woman who was part of a group heading to the Langtang trekking area. Katmandu: A Nepal bus packed with people ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help