Ritz-Carlton Hotels dismiss Dubai expansion
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The Ritz-Carlton recently announced that the Group does not currently plan to open more hotels in Dubai by 2020, according to the company’s top executive, as reported by Gulf News.
“From now to six years, there could be different opportunities but no precise plans for a hotel in Dubai under The Ritz-Carlton,” Bob Kharazmi, the company’s global operations officer was quoted.
The company currently has two hotels in Dubai, including one in the Dubai International Financial Centre (DIFC) and another in Dubai Marina, and one in Abu Dhabi (The Ritz-Carlton Abu Dhabi, Grand Canal).
According to Kharazmi, the company does not currently plan to expand its existing properties in the emirate. The Ritz-Carlton in Dubai Marina has been undergoing an expansion since January that will see number of rooms grow from 130 to 260, which is expected to be completed by August-September.
However, the Ritz-Carlton expects to strike deals for three properties in the Gulf Cooperation Council (GCC) countries in the next five to six months, which are likely to open in two to three years, Kharazmi said. Meanwhile, beyond the GCC, the company plans to open five hotels in the Middle East and Africa, including Egypt, Tunisia and Morocco, by 2016. It currently has eight properties in operation in the region.
Comments are closed.