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Wyndham Hotel Group recently announced plans to enter the United Arab Emirates with its first property in Dubai, the latest step in the chain's expansion in the Middle East. Wyndham currently operates 35 hotels in the Middle East, with 27 of them under the Ramada brand. Read More »
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Wyndham Worldwide Corporation has announced plans to enter the United Arab Emirates with its first property in Dubai. The hotel group signed an agreement with Sigma III Limited, a subsidiary of Britis... Read More »
Viceroy Hotel Group is planning its first hotel in Dubai, a $1 billion project the company is calling "one of its most important portfolio additions to date." Viceroy Dubai Palm Jumeirah will be locat... Read More »
The Ritz-Carlton Hotel Company, L.L.C. recently announced plans to open two new properties in Morocco, as the company expands its portfolio in North Africa. The Ritz-Carlton Rabat is scheduled to open... Read More »
Dubai-based Emaar Hospitality Group has announced plans to develop a new brand targeting young professionals and leisure travelers. Vida Hotels and Resorts will focus on "simplicity and youthful vital... Read More »
Creditors of Dubai World want the state-owned conglomerate to sell many of its high profile properties, including the Las Vegas City Center, the Atlantis hotel in Dubai and the Mandarin Oriental hotel... Read More »
The first Rosewood Hotel in Abu Dhabi is scheduled to open on May ,1 executive director of Mubadala Real Estate and Infrastructure Ali Eid Al Mheiri told The National. The 189-room five star hotel is ... Read More »
All property sectors in Dubai are "positioned in the recovery stage" for the first time since mid-2008, according to a new report from Jones Lang LaSalle. However, the upbeat forecast includes a large... Read More »
Hotels in Abu Dhabi reported an 18.3 percent increase in occupancy rates in February compared to a year earlier, the largest gains in the region, according to new data from STR Global. The U.A.E. capi... Read More »
The average daily rate for a hotel in Dubai jumped 7.9 percent in 2012, thanks to a steady roster of conventions and events in the city, a new report says. Visitors to Dubai can now expect to pay an a... Read More »
At the Americas Lodging Investment Summit (ALIS) last week in Los Angeles, Jones Lang LaSalle's (JLL) Hotels & Hospitality Group reported five forces which will drive the hotel investment market durin... Read More »
According to STR Global, the Middle East/Africa region reported mostly mixed performance results in 2012 when reported in U.S. dollars. In 2012, the region reported a 6.1-percent increase in occupancy... Read More »
Buoyed by strong hotel and vacation ownership revenue, Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) reported net income $170 million and $0.87 per share in the third quarter of 2012, a 4.2 pe... Read More »
Bahrain is getting its first Wyndham Hotel. The new five-star Wyndham Grand Collection hotel will be part of a 50-story mixed used architectural landmark in Bahrain Bay. Bahrain Bay Development B.S.C.... Read More »
Hidden away in its own private corner of Africa, away from the glamour spots and the business centers, the country of Namibia is filled with natural wonders quite different from most of the rest of th... Read More »
According to hotel data compiled by STR Global, despite economic slowdowns in many regions of the world, hotel markets globally still posted mostly positive performance results for the month of August... Read More »
Big deal developments in Dubai are on the rise again. Emaar Properties (DFM: EMAAR) plans to start sales Sept. 22 on a planned five-star-rated project that will have 200 luxury hotel rooms and 542 ser... Read More »
According to data compiled by STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for July 2012. The Americas region re... Read More »
Dubai's land and property markets are making a comeback. Arabianbusiness.com is reporting land and property transactions in Dubai increased by 21% in the first half of this year compared to the first ... Read More »
According to according to STR Global, many hotel markets around the world posted positive performance results in June, despite lingering economic concerns. STR Global reports hotels in the Asia/Pacifi... Read More »
According to according to the June 2012 STR Global Construction Pipeline Report, despite global economic concerns and the Eurozone debt crisis, many markets are still very active building new hotels. ... Read More »