Rotana to add 4,360 keys to UAE’s existing room supply by 2020
12 new Rotana properties – including 6 five-star hotels – to open in Dubai, Abu Dhabi and Ras Al Khaimah within the next four years. USD 1.7 billion estimated total value of new hotels under its management
Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today announced plans to open seven new hotels in Dubai, four hotels in the capital Abu Dhabi and one in Ras Al Khaimah by the end of 2020. Six of the upcoming properties will be five-star hotels, with the remaining properties comprising of a mix of four and three star hotels and hotel apartments.
Dubai, UAE -- Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today announced plans to open seven new hotels in Dubai, four hotels in the capital Abu Dhabi and one in Ras Al Khaimah by the end of 2020. Six of the upcoming properties will be five-star hotels, with the remaining properties comprising of a mix of four and three star hotels and hotel apartments.
Upon completion, the new hotels will add 4,360 keys to Rotana's existing inventory, taking its fast expanding portfolio in the UAE to 44 properties, including 21 in Dubai and 17 in Abu Dhabi, with a room inventory of 11,782 (6,682 in Dubai alone and 5,100 in Abu Dhabi).
The total value of the 12 upcoming properties managed by Rotana in the UAE is estimated at USD 1.7 billion.
Omer Kaddouri, President & CEO of Rotana, comments: "The UAE is our home market and even as we pursue our global ambitions and expand our footprint into new geographic regions, the country continues to remain the fulcrum around which Rotana's business strategy is developed and implemented. With us bringing to the local market 12 new properties within the next four years, we further express our commitment to supporting the UAE's tourism ambitions and reaffirming our belief in the long-term prospects of the country's hospitality industry. Next year, we will be introducing a number of five-star properties to the market, including the all-new Saadiyat Rotana Resort and villas in Abu Dhabi, scheduled to open in Q4 2017. Ideal for both, business and leisure travellers, the resort will feature 354 upscale rooms and suites, 13 beach villas, a beach club and extensive conference facilities."
"Rotana already has a significant presence in the capital, and strengthening our portfolio with an additional four properties will allow us to further contribute to and capitalize on Abu Dhabi's expanding tourism and hospitality sector. While in Dubai, our seven upcoming properties will go a long way towards meeting the demand increase anticipated in the run-up to Expo 2020, and will help ramp up overall room capacity which is crucial to achieving the city's ambitious tourism vision," concluded Kaddouri.
Despite the challenging economic environment, the outlook for the hospitality sector in Dubai and Abu Dhabi remains positive. In previous UAE Real Estate 2016 mid-year market reviews, global consultancy firms listed the medium-to-long term outlook for the hospitality sector in Dubai and Abu Dhabi as positive, citing the opening of theme parks and new tourist attractions as the main factors driving demand.
About Rotana
Rotana currently manages a portfolio of over 114 operational and pipeline properties throughout the Middle East, Africa, Eastern Europe, and Türkiye, with an aggressive expansion plan in place. Rotana has chosen to acknowledge how precious time is by making all time spent in their range of hotels "Treasured Time'. This means Rotana has pledged to understand and meet the individual needs of all guests. In so doing, Rotana has evolved its product brands to include Rotana Hotels & Resorts, Centro Hotels by Rotana, Rayhaan Hotels & Resorts by Rotana, Arjaan Hotel Apartments by Rotana, Edge by Rotana, and The Residences by Rotana. Treasured Time. The Rotana promise to you.
Further information on any Rotana property, its brands or reservations can be obtained by visiting rotana.com or by contacting one of the regional sales offices.
Media Contact
Farah Ibrahim
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