Rotana announces growth plans at ATM
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Rotana will outline its plans for the future during its participation in the Arabian Travel Market (ATM) 2016.
The company announced that it will open 18 new hotels in 2016-2017, covering major markets in the Middle East, Africa and Europe. The move will help Rotana grow its portfolio to 75 operating hotels and 19,935 keys.
New Rotana properties set to open in the next two years include five hotels in the Kingdom of Saudi Arabia, four in UAE, and two each in Iraq and Turkey. The company will also open properties in Jordan, Iran and the Democratic Republic of Congo, in addition to completing the extension work on one of the properties in the UAE – The Cove Rotana Resort in Ras Al Khaimah.
“Rotana is embarking on the next chapter of its growth story,” said Omer Kaddouri, president and CEO of Rotana. “Our robust development pipeline for the next two years, which includes a number of properties in markets outside the GCC, brings us closer towards achieving our goal to expand globally.”
The expansion plans for 2016 witnessed inauguration of a number of properties in the first few months including Rosh Rayhaan by Rotana in Riyadh, Dalga Residences by Rotana in Turkey, Downtown Rotana in Bahrain and City Centre Rotana in Qatar and Centro Capital Doha, adding a combined 1,236 keys to the group’s existing portfolio.
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