FIVE Hotels & Resorts to open new destination in Europe

Dubai startup FIVE Hotels & Resorts plans to launch a new destination in Zurich, Switzerland.

“It is a matter of pride to infuse the entrepreneurial spirit of Dubai’s hospitality scene with Switzerland’s longstanding tradition in luxury hospitality. This dream has only been realised due to the pioneering vision and tireless execution of Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who laid the foundation and has continued to develop one of the world’s most diverse and pioneering economies,” said Kabir Mulchandani, chairman of FIVE Holdings.

FIVE has welcomed more than 288,000 room nights from European travellers at its properties.

The new asset set to be launched in Zurich, will be ranked amongst FIVE’s existing portfolio of its FIVE Jumeirah Village and FIVE Palm Jumeirah, which accommodate a total of 1,198 units, as well as more than 20 food and beverage concepts.

Both properties maintained an average occupancy levels of 87 per cent in recent months.

Home to Freddie Mercury, Grace Jones, Muhammed Ali and Rihanna, amongst many others, the former Atlantis hotel, that FIVE intends to revive, is one of Zurich’s most  historic hotels.

It is set to open in summer 2021.