The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks
The exit brings an end to a 14-year partnership between Taj and property owner Juma Al Majid Group
The Langham Place Downtown Dubai, featuring a five-star hotel and serviced apartments, is expected to be completed in 2018
Under the deal, Starwood will open three Aloft hotels and one Element hotel in Dubai
The iconic building is currently being converted into a five-star hotel
The hotel operator is currently building a 253-room four-star property in Palm Jumeirah
Construction on the 182-key hotel is slated to begin in Q3 2015 with the opening scheduled for Q1 2017
Gerald Lawless says emirate’s property market has matured well since the financial crisis
The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah
Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.
The new midscale property is the French group’s fifth hotel in Riyadh
Dubai’s hotel operators have traditionally seen high levels of occupancy. But with currency devaluation and growing supply, how is the industry coping?
The recent drop in oil prices along with a decrease in travel from Russia and Europe caused the slump
Michelin-star chef’s arrival raises the stakes in city’s competitive F&B scene
Kingdom Holding, owned by Prince Alwaleed Bin Talal, sold its stake in Four Seasons Resort Mauritius to Sun Resorts.
The company is looking to close deals in the UAE’s hospitality and retail sectors, officials said.
The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.
The decline in the number of tourists, especially from Russia, has pushed down the revenue per available room across the hotels in the Middle East.
The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.
The group’s mid-market brands represent nearly 50 per cent of the company’s pipeline in the region.
The senior official did not completely rule out the idea of a takeover saying there are “constantly deals in our industry”.
The group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A
Villas range from three to six bedroom units with prices starting at Dhs1.7 million.
A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.
Major four-star hotel to phase in room upgrades that reflect latest design trends.
Hilton’s new neighbourhood brand targets districts with strong local flavour
The 285-room property will be located in Dubai’s Business Bay.
The newly branded hotel is scheduled for operation in 2018.
The new resorts are planned for Tunisia and Morocco.