UAE- Nakheel Minor Hotel Group sign deal

Date

2/24/2016 11:51:10 PM

(MENAFN- Khaleej Times)

Dubai master developer Nakheel's hospitality expansion took another leap forward on Wednesday with the signing of a Letter of Intent or LOI for a management agreement with Thailand's Minor Hotel Group - one of the world's fastest-growing hospitality companies - for a new 372 room hotel at Ibn Battuta Mall.

The LOI was signed in Bangkok by Nakheel Chairman Ali Rashid Lootah and William Heinecke founder chairman and CEO of Minor International PCL the parent company of the hotel owner operator and investor Minor Hotel Group. Under the proposed agreement the hotel will be managed under the vibrant Avani Hotels & Resorts brand which offers guests relaxed comfort and contemporary style in city and resort destinations. The new 14-storey hotel - one of two Nakheel hotels at Ibn Battuta and one of 10 in the developer's overall Dubai hotel portfolio - will have direct access to the mall and a link to the Dubai Metro. Features include a rooftop pool all day dining restaurant and coffee shop.

Today's LOI is the second collaboration for Nakheel and Minor Hotel Group in five months. In September last year the two companies announced a planned joint venture for a 500-room Avani beachfront resort at Deira Islands Nakheel's 15.3 sq km coastal city in Dubai. Minor's portfolio currently comprises more than 17000 rooms across 145 hotels resorts and serviced suites in 22 countries under the Anantara Avani Per Aquum Oaks Tivoli Elewana Four Seasons Marriott St Regis Radisson Blu and Minor International brands.Nakheel Chairman Ali Rashid Lootah said: "We continue to work with reputable international partners to bring new brands to Dubai further enhancing and diversifying the emirate's hotel accommodation offering in line with the Government of Dubai's vision. We are delighted to further develop our collaboration with Minor Hotel Group with an Avani hotel at our expanding Ibn Battuta Mall which in itself is an increasingly popular destination for Dubai's growing number of tourists."

Dillip Rajakarier CEO of Minor Hotel Group commented: "The location at Ibn Battuta Mall one of the world's largest themed malls in one of the city's fastest growing areas is perfect for guests who enjoy Avani's relaxed comfort and contemporary style. We are thrilled that our partnership with Nakheel is off to such a strong start and we look forward to a long and fruitful relationship."

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