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Press Release Markets & Performance

December 3, 2013

HotStats MENA Chain Hotels Market Review – October 2013

Hotels in Abu Dhabi registered substantial growth in revenues and profits during the month of October 2013, according to the latest HotStats survey by TRI Hospitality Consulting Middle East. Abu Dhabi hotels witnessed a boost to key performance metrics in the wake of the Eid Al Adha holidays and the city hosting a number of internationally renowned events. Occupancy levels in Abu Dhabi went up by 8.4 percentage points to 79.6% and Average Room Rate (ARR) increased by 16.8% to US$182.37 during the month, boosting Revenue Per Available Room (RevPAR) by 30.6% to US$145.13. The growth in the top line performance caused a surge in profit levels during the month as the Gross Operating Profit Per Available Room (GOPPAR) reached US$117.43, up by 47.3% compared to the same period in 2012.

Dubai, United Arab Emirates

November 28, 2013

Shadi Karameh has been appointed as Director of Sales at Grand Millennium Dubai

Karameh joins the team after spending two years at the Dubai sales office of Raffles Praslin Seychelles, where he was the assistant director of sales.

Dubai, United Arab Emirates

External Article Sales & Marketing

November 28, 2013

Dubai hoteliers hail Expo 2020 achievement | hoteliermiddleeast.com

Leading hoteliers from Jumeirah Group, Starwood Hotels and Resorts, Atlantis The Palm and Hilton Worldwide have congratulated the leaders of the UAE and Dubai on the emirate’s successful bid to host Expo 2020.

hoteliermiddleeast.com

Dubai, United Arab Emirates

November 27, 2013

Ahmed Talaat has been appointed as Director of Sales Middle East & Africa at Dusit International

Leading Asian hospitality group Dusit International announces the latest addition to its growing Dubai-based Middle East and Africa Regional Sales Office team, Mr. Ahmed Talaat, to the position of Director of Sales.

Dubai, United Arab Emirates

November 26, 2013

Gerhard Hecker has been named General Manager at Shangri-La Hotel Dubai

has been appointed general manager at Shangri-La Hotel in Dubai. In his new capacity, he will oversee all daily operations of the 492 hotel rooms, serviced apartments and private residences. He moved to Dubai from Shangri-La Hotel, Jakarta, where he also held the position of general manager.

Dubai, United Arab Emirates

External Article Development

November 19, 2013

Dubai Atlantis Resort to be sold to mitigate debt | hotelmanagement.net

The Atlantis Hotel resort on Dubai’s Palm Island is preparing to be sold by Istithmar, the investment arm of Dubai World, according to Construction Weekly. The Investment Corporation of Dubai is currently in talks to purchase the Atlantis as part of a bid by the government to buy off domestic assets in debt. While no price has been set for the resort, Istithmar took control of the property last year when it purchased a 50 percent stake in the hotel for $250 million, a stake previously held by Kerzner International.

hotelmanagement.net

Dubai, United Arab Emirates

Press Release Food & Beverage

November 14, 2013

Programme released for the Global Restaurant Investment Forum

Bench Events are delighted to release the preliminary outline of the programme for the Global Restaurant Investment Forum (GRIF). The Middle East and Dubai in particular is undergoing a massive growth in its dining sector particularly fine dining establishments which is linked with the boom of the hotel sector. The region is fast becoming a hub for concepts imported from all over the globe, and increasingly innovative locally created concepts as well. The Global Restaurant Investment Forum has already been hitting the headlines in The National Paper, UAE highlighting the significance and timeliness of this conference.

Dubai, United Arab Emirates

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Hospitality Financial and Technology Professionals (HFTP)

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Hospitality Financial and Technology Professionals (HFTP)

November 12, 2013

Wael El Behi has been appointed as General Manager at Hawthorn Suites by Wyndham Dubai

Wael El Behi has been appointed general manager at Hawthorn Suites by Wyndham Dubai. In his current role, he will be responsible for directing the overall management and operation of this new city resort. Prior to this appointment, El Behi was general manager of Ramada Downtown Dubai.

Dubai, United Arab Emirates

November 12, 2013

Goran Stojkovic has been appointed as Director of Food & Beverage at Jumeirah Beach Hotel

Jumeirah Beach Hotel, part of Jumeirah Group, has announced the appointment of Goran Stojkovic as Director of Food & Beverage. A Serbian national, Goran joined Jumeirah in 2006 as a Restaurant Manager at Madinat Jumeirah and progressed to Assistant Food and Beverage Manager in both Madinat Jumeirah and Burj Al Arab. In his early career, Goran worked with Hyatt Regency in Belgrade, Serbia and the Coral Beach Hotel & Resort in Paphos, Cyprus.

Dubai, United Arab Emirates

Press Release Development

November 11, 2013

The Novotel Dubai Al Barsha Opens its Doors

Overlooking the Arabian Gulf, the four-star hotel has an inventory of 465 guest rooms, five food and beverage outlets, ten meeting rooms and a business centre, not to forget a host of leisure facilities. The Novotel Dubai Al Barsha, is the latest addition to Dubai's iconic skyline and is fast becoming a recognized beacon in the city.

Dubai, United Arab Emirates

November 5, 2013

Samir Arora has been appointed as General Manager at Ramada Downtown Dubai

Prior to joining Ramada Downtown, Arora was the resident manager of Vida Downtown and Al Manzil Downtown Dubai, where he served as executive assistant manager and front office manager before his promotion.

Dubai, United Arab Emirates

Press Release Development

November 5, 2013

Mövenpick Hotels & Resorts opens its sixth property in Dubai

Mövenpick Hotels & Resorts announces the opening of the first international five-star hotel in Jumeirah Lakes Towers, one of the fastest-growing business bases in the United Arab Emirates and Dubai's newest district. The newly open Mövenpick Hotel Jumeirah Lakes Towers is a landmark in the dynamic residential and commercial quarter and is the sixth hotel inDubaito be managed by the upscale Swiss hospitality company.

Dubai, United Arab Emirates

November 4, 2013

Red Bull Racing Celebrates on Burj Al Arab Helipad

To celebrate winning the Formula One Drivers' and Constructors' Championships for the fourth consecutive year, Infiniti Red Bull Racing ran one of its Formula One cars at one of the most recognised locations on earth, the Burj Al Arab helipad. Perched 210 metres above the sea, on a helipad 24 metres wide, Infiniti Red Bull Racing's 750bhp Formula One car became the first to run on the Burj Al Arab helipad. Usually reserved for on- track use, the car was involved in a spectacular show of burning rubber and tyre smoke, against a stunning backdrop of the Arabian Gulf, overlooking scenic views of Dubai's impressive skyline.

Dubai, United Arab Emirates

Press Release Finance

October 31, 2013

Jumeirah Group raises US$1.4bn syndicated loan to support long-term growth plans

Jumeirah Group ('Jumeirah'), the global luxury hotel company and a member of Dubai Holding, announced today that it has successfully raised a US$1.4 billion unsecured syndicated loan priced at 2.75% above LIBOR due 2019. The facility was lead arranged by Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, HSBC, Mashreq and Standard Chartered. Jumeirah Group was advised by Rothschild on the transaction. The loan will be used for expansion plans as Jumeirah continues to grow in the years ahead as well as for general corporate purposes, at the parent level, for Dubai Holding Commercial Operations Group.Gerald Lawless, President and Group Chief Executive Officer, Jumeirah Group said; "The pricing we have been able to achieve for this syndicated loan is a testament to the Company's financial strength and future prospects. This financing will support our focus on driving profitable revenues from the existing portfolio while giving us the headroom to continue our local and international expansion. This is the first time we have raised funds through a syndicated loan and we are pleased to be supported by the highest calibre of international and local banks."Year to date September 2013, average occupancy in Jumeirah's portfolio of hotels has increased by 8% globally, compared to the same period in 2012. In the same period the revenue per available room, an industry standard for measuring performance, rose by 15%. The performance data is based on hotels that had more than 18 months of operations under the Jumeirah brand.

Dubai, United Arab Emirates

October 29, 2013

Timur Ilgaz has been named General Manager at Al Ghurair Rayhaan & Al Ghurair Arjaan by Rotana

Timur Ilgaz has been appointed general manager for Al Ghurair Rayhaan & Al Ghurair Arjaan by Rotana Dubai. He brings with him over 27 years in the hospitality industry. As general manager, he will be responsible for directing overall management and working hand in hand with the management and operational teams of Al Ghurair Rayhaan & Arjaan by Rotana and the Al Ghurair management owning company.

Dubai, United Arab Emirates

October 29, 2013

Enad Tannous has been named General Manager at Amwaj Rotana Jumeirah Beach

With over 21 years of valuable experience within the hospitality industry, Enad joins the team from InterContinental Aqaba Resort where he was General Manager too.

Dubai, United Arab Emirates

October 28, 2013

Barbara Fernandez has been appointed as Food & Beverage Manager at Kempinski Hotel Mall of the Emirates

Prior to joining Kempinski Hotel Mall of the Emirates, Fernandez served as executive assistant manager food and beverage at the exclusive Hotel Las Amèricas Resort in Columbia, where she oversaw a team of 250 staff members.

Dubai, United Arab Emirates

October 14, 2013

Stephen Wright has been appointed as Executive Chef of Al Qasr and Dar Al Masyaf at Madinat Jumeirah

The Australian national, who is also a Michelin-trained chef, brings 20 years of international industry experience to his new role. He has worked across Asia, with posts in Shanghai, Hong Kong, Singapore and Thailand, and also spent time in the UK.As executive chef, Wright will be responsible for 200 chefs across 12 outlets at the resort.

Dubai, United Arab Emirates

October 11, 2013

Rishi Kapoor has been appointed as SVP - Intl Development at MGM Hospitality

In this role, he will direct development activities in Asia, India, the Middle East and North Africa for the division of MGM Resorts International (NYSE: MGM) focused on developing non- gaming luxury hotels and resorts in key destinations around the world.

Dubai, United Arab Emirates

Press Release Development

October 7, 2013

Melia Hotels International Announces ME by Meliá Dubai

Leading hotel company, Meliá Hotels International, today unveils their next major launch as the ME by Meliá brand continues to grow. ME by Meliá Dubai will open in the jaw-dropping Opus building, developed by real estate company Omniyat.

Dubai, United Arab Emirates