Development Middle East External Articles

January 13, 2010

Wyndham on a roll in the Middle East | arabianbusiness.com

As Wyndham Hotel Group ramps up its presence in the Middle East, president and CEO Eric Danziger speaks exclusively to Hotelier Middle East about his bullish and aggressive approach to further development in the region. Eric Danziger is one of the leaders in the global hotel industry. As president and CEO of the Wyndham Hotel Group - a role that follows similar leadership positions at the likes of Carlson Hotels and Starwood - he is responsible for a massive 7000 hotels across 11 brands.

arabianbusiness.com

Dubai, United Arab Emirates

External Article

December 16, 2009

Dubai's Jumeirah Group Continues Expansion Plans | wsj.com

The head of Dubai-based luxury resort operator Jumeirah Group said the company's expansion plans are continuing despite declines in revenue and worries about its home city's financial condition. Gerald Lawless, executive chairman of Jumeirah, shrugged off concerns that Jumeirah's parent, Dubai Holding, could become the next casualty of the Gulf emirate's debt woes. Dubai Holding, a private conglomerate, held by Dubai's ruler, Sheikh Mohammed bin Rashid al-Maktoum, operates hospitality, telecom, real-estate and investment businesses. Mr. Lawless said Dubai Holding began efforts last year to shore up its finances, for example, reorganizing its real estate assets. He didn't provide details.

WSJ

Dubai, United Arab Emirates

External Article

December 7, 2009

Pearl Dubai drives talks for McLaren brand hotel, homes | thenational.ae

The developer of the Dubai Pearl mixed-use project is in talks with the Formula One racing group McLaren to brand a hotel and homes on the site. Abdul Majeed Ismail al Fahim, the chairman of Pearl Dubai, which is developing the Dh15 billion (US$4.08bn) project, said the initial terms of the deal had been agreed, although a contract had not been signed. The alliance would be announced when “the time is right”, he added. The proposed venture would follow a similar deal struck earlier this year with MGM Mirage, the Las Vegas leisure operator.

thenational.ae

Dubai, United Arab Emirates

External Article

September 17, 2009

118 UAE hospitality projects cancelled or on hold | hoteliermiddleeast.com

The initial findings of the Cityscape Intelligence Focus On Dubai Report were revealed ahead of next month’s Cityscape Dubai at the Dubai International Exhibition and Convention Centre from October 5-8. Cityscape group director Chris Speller said that in the “worldwide shakeout” no region had been immune. “As a result, a strong element of realism has entered the real estate investment landscape,” Speller said.

hoteliermiddleeast.com

United Arab Emirates

External Article

September 4, 2009

Fattal Adds To Portfolio In Israel | hotelsmag.com

Fattal Hotel Management Co. has purchased the hotel assets of Azorim Tourism—including the ownership of 10 properties as well as the lease for one additional hotel and the management rights to another—for about US$70 million cash and the assumption of about US$260 million in debt. The deal solidifies Fattal's position as the largest hotel company in Israel, with about 30 properties.

hotelsmag.com

Israel

External Article

May 12, 2009

Thai charm entices Middle East hotel developer | ameinfo.com

Thai luxury hotel chain Dusit International has announced further expansion of its regional portfolio of properties at Arabian Travel Market in Dubai. Boasting a total of six hotels and residences in the Middle East either fully operational or under construction, Dusit has unveiled two additional properties – Dusit Princess City Centre Dubai and Dusit Dilmunia on Bahrain Health Island. “Our regional strategic plan is beginning to unfold,” said Octavio Gamarra, Senior Vice President of Dusit International. “Thai culture in general is increasingly popular throughout the Middle East. The key to our success has always been our unique, unrivalled and world renowned Thai hospitality, which sets Dusit apart from any other hospitality chain in the world.”

ameinfo.com

United Arab Emirates

External Article

March 17, 2009

Jumeirah Group on track for 60 hotels | zawya.com

Jumeirah remains optimistic about plans to have 60 hotels and 150 branded restaurants under management or development by 2012, according to the executive chairman of the group. Jumeirah already has 10 hotels in Dubai and others in London and New York. Currently, the group has 14 hotels under construction from Shanghai to Argentina, including three hotels in Aqaba, Jordan. The company is also looking to other locations such as the Maldives, Kuwait and Thailand.

zawya.com

Dubai, United Arab Emirates

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