Riyadh, Jeddah to see 16,000 new hotel rooms by 2018, says JLL

Saudi Arabia’s two major cities Riyadh and Jeddah are predicted to see 16,000 new hotel rooms by 2018, a recent report by...

Property

Dubai Investments Park plans eight new hotels, serviced apartments

Dubai Investments Park (DIP) plans eight new hotels and serviced apartments, amid what it calls “surging demand and growth potential” due to its proximity...

Property

Middle East buyers targeted in London Grosvenor House sale

Arab investors are being targeted in the sale of the Grosvenor House hotel in London, with “strong interest” expected from Middle Eastern...

Property

‘Dubai needs more hotels regardless of Expo 2020,’ Hyatt exec says

Demand for new hotels in Dubai would have increased with or without the Expo 2020, the general manager of the city’s latest...

Property

Jumeirah plans to double portfolio of hotels by 2018

Jumeirah Group, the Dubai-based hotel operator, plans to almost double its portfolio of hotels within the next three years, its president, Gerald...

Property

Dubai’s Jumeirah to operate hotel on Saadiyat Island

The Dubai-based Jumeirah Group has signed an agreement to operate a resort on Saadiyat Island in Abu Dhabi, the hotel company said...

Construction

Dubai’s Emaar to list hotels unit, chairman says

Emaar plans to sell shares in its hotels business, the company’s chairman says, following news that the initial public offering (IPO) of...

Construction

$234mn beach resort to be constructed at Saadiyat by 2017

RELATED ARTICLES: New York University Abu Dhabi announces Saadiyat campus completion | Nakheel launches Deira Islands project | Work commences on $78mn hotel project in Saraya Bandar...

Construction

Majid Al Futtaim to invest $816mn in Dubai by 2020

Following a hike in its recorded revenue by 10% last year, Majid Al Futtaim, a Dubai-based conglomerate announced it will invest over...

Construction

214 new hotels to be built in Saudi Arabia

[caption id="attachment_15095" align="aligncenter" width="590"] Saudi Arabia will see 214 new hotels built over the next two years.[/caption] RELATED ARTICLES: New Makkah projects will...