The cash and share deal is the second major takeover in a month following Marriott International’s $12.2bn Starwood Hotels and Resorts acquisition
The new entity will integrate hotel projects developed by Meraas and manage the hotels of independent owners and developers
Gulf Business speaks to Insignia Worldwide founder and CEO Gaurav Sinha
The company is building a 550-room resort and a water park in partnership with Thailand-based Centara Hotels and Resorts
Post the deal, Sharjah Rotana will be renamed Swiss-Belhotel International Sharjah
The new upscale property in Doha, set to open in 2018, is being developed in partnership with the Al Jassim Group
Cardholders are being enticed with instant SPG Gold status – which normally requires around 25 nights per year – as well as 25,000 Starpoints on activation
The two-tower Rosemont Hotel and Residences is set to open on Sheikh Zayed Road in 2018
The group will manage a 250-key luxury hotel in the West Bay area of Doha and a 148-key luxury serviced apartment complex in Lusail
The 52-storey luxury hotel and residences complex is located on Palm Jumeirah
Following its Dubai launch, the app will gradually expand to the other emirates and neighbouring countries
The group is planning to significantly expand its geographic footprint in Saudi Arabia
Two hotels will open in Tehran next month – the ibis IKIA and Novotel IKIA, the first international brands to re-enter the market since 1979
As part of the deal, the Westin Excelsior Rome will undergo a complete renovation over the next five years
The former Taj Palace Hotel in Deira has now been renamed Jood Palace Hotel- Dubai
Accor is set to become the first international hospitality company to operate in Tehran since the 1979 Revolution.
The resort is scheduled to open in 2018 with 225 keys planned
Nakheel has partnered with the Minor Hotel group to develop the 500-room hotel, the first AVANI property in the UAE
The joint venture, called ICON Arabia, is planning to bring 15 new food and beverage brands to the region
The 260-room hotel will be located in Erbil’s Western suburbs, about 3kms from the airport
The tower is expected to open in 2020
The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks
The exit brings an end to a 14-year partnership between Taj and property owner Juma Al Majid Group
The Langham Place Downtown Dubai, featuring a five-star hotel and serviced apartments, is expected to be completed in 2018
Under the deal, Starwood will open three Aloft hotels and one Element hotel in Dubai
The iconic building is currently being converted into a five-star hotel
The hotel operator is currently building a 253-room four-star property in Palm Jumeirah
Construction on the 182-key hotel is slated to begin in Q3 2015 with the opening scheduled for Q1 2017
Gerald Lawless says emirate’s property market has matured well since the financial crisis
The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah