Hotels

More Hotels In The Offing From Dubai World


Sultan Ahmad Bin Sulayem, Chairman of Dubai World, told a Dubai based newspaper that, taking advantage of the ongoing financial crisis, the company is looking at expanding its presence in the hospitality sector around the globe, with a focus on emerging markets.  
Bin Sulayem was speaking on the sidelines of the relaunch function of the Fontainebleau Miami Beach resort - the latest high-profile investment of Dubai World in the United States.
In reference to the Fontainebleau Miami Beach resort, in which Nakheel Hotels, a unit of Nakheel that is part of Dubai World. , bought a 50 per cent stake in April for $375 million (Dh1.36 billion), Bin Sulayem said, "Had we done this investment two or three years ago, it would have been four times the cost.” He added, "Something that did not make economic sense two years ago makes sense now; and value wise, this could never be repeated again."
He also pointed out that developing markets were a key interest in Dubai World's hotel investment plan.
"We have had a lot of time to identify locations in China," he said. India is also an area being viewed favourably by the company. "Goa is going to be an important area," said Bin Sul-ayem. "It is the holiday place in India."
He also added that India is being seen by Dubai World as a good investment area for hotel development and that Goa is going to be central to India’s tourism industry in the future.

Source: Gulf News  

More Hotels
Corinthia Hotel London launches new luxury suites
Accra Marriott Hotel, Ghana, becomes first Marriott in West Africa
Jumeirah Beach Hotel, Dubai, will be closed for renovation in summer 2018
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
Schanzengraben

Schanzengraben

Zurich, Switzerland

The Schanzengraben is a canal that connects Lake Zurich to the Limmat, through the western end of central Zurich.  The canal was dug beginning in 1642 as a part of a new set of defensive fortifications necessitated by the Thirty Years War.  It was actually a moat, and the bridges across were wooden so they could easily be burned in times of trouble.  Originally, it ran along what is...

Bab Sabah Street Market

Bab Sabah Street Market

Sanaa, Yemen

Address: street market, from the Shari’ Ali’ Abdul Mughni to the entrance to Old Sana'a This large open-air flea market is a sight to behold, especially in the early afternoon. You can grab a cup of steaming local tea and take a seat, just watching locals hustling by. Or take a slow stroll down the main aisle, glancing sideways at every intersection, losing yourself to sounds and smells that ...

Affoltern, Oerlikon & Seebach

Affoltern, Oerlikon & Seebach

Zurich, Switzerland

This district is famous for its Christmas Collectors Fair that takes place every year. ...

Beach

Beach

Karachi, Pakistan

The beach, commonly called Clifton, is a long stretch of shore. It extends from southern parts of Karachi to the northwestern Karachi coasts, where it merges with the eastern coasts of Baluchistan. The common areas of the beach ideal for recreation include: The Clifton area, also called Seaview; The Sandspit area (a long drive from the main Clifton beach, much quieter and calmer, ideal p...