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Hospitality

AccorHotels announces $2.9bn acquisition of Fairmont, Raffles and Swissôtel brands

The cash and share deal is the second major takeover in a month following Marriott International’s $12.2bn Starwood Hotels and Resorts acquisition

Dubai’s Meraas launches hotels and resorts subsidiary

The new entity will integrate hotel projects developed by Meraas and manage the hotels of independent owners and developers

Behind the curtain of… destination marketing

Gulf Business speaks to Insignia Worldwide founder and CEO Gaurav Sinha

Nakheel to build new beachfront resort in Deira Islands

The company is building a 550-room resort and a water park in partnership with Thailand-based Centara Hotels and Resorts

Swiss-Belhotel International takes over operations of Sharjah Rotana

Post the deal, Sharjah Rotana will be renamed Swiss-Belhotel International Sharjah

Accor announces first Majlis Grand Mercure hotel in Qatar

The new upscale property in Doha, set to open in 2018, is being developed in partnership with the Al Jassim Group

Emirates NBD partners with Starwood for World MasterCard

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

Hilton to open new hotel under Curio collection in Dubai

The two-tower Rosemont Hotel and Residences is set to open on Sheikh Zayed Road in 2018

Oberoi Group inks deal to manage two luxury hotels in Qatar

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

Nakheel awards Dhs 819m construction contract for Palm Tower

The 52-storey luxury hotel and residences complex is located on Palm Jumeirah

HotelTonight launches in Dubai, plots regional expansion

Following its Dubai launch, the app will gradually expand to the other emirates and neighbouring countries

Ascott opens first serviced residence in Saudi, plans four more

The group is planning to significantly expand its geographic footprint in Saudi Arabia

Even as Iran opens up, travellers face credit card blocks

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

Qatari developer Katara buys iconic Rome hotel for $251m

As part of the deal, the Westin Excelsior Rome will undergo a complete renovation over the next five years

Dubai’s Juma Al Majid launches hospitality arm, takes over ex-Taj hotel

The former Taj Palace Hotel in Deira has now been renamed Jood Palace Hotel- Dubai

Pictures: Accor opens Novotel, ibis in Iran, leads Tehran hotel drive

Accor is set to become the first international hospitality company to operate in Tehran since the 1979 Revolution.

Minor Hotel Group announces RAK Anantara resort

The resort is scheduled to open in 2018 with 225 keys planned

Nakheel announces AVANI resort for Deira Islands project

Nakheel has partnered with the Minor Hotel group to develop the 500-room hotel, the first AVANI property in the UAE

Daman JV to invest Dhs 150m in GCC’s F&B sector

The joint venture, called ICON Arabia, is planning to bring 15 new food and beverage brands to the region

Carlson Rezidor to enter Iraq

The 260-room hotel will be located in Erbil’s Western suburbs, about 3kms from the airport

Dubai’s Jumeirah signs deal to manage $1bn tower in Business Bay

The tower is expected to open in 2020

SKAI closes Dhs 1.1bn finance package for Dubai Viceroy hotels

The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks

India’s Taj exits hotel in Dubai’s Deira

The exit brings an end to a 14-year partnership between Taj and property owner Juma Al Majid Group

Developer Omniyat launches Dhs 1bn luxury hotel in Dubai

The Langham Place Downtown Dubai, featuring a five-star hotel and serviced apartments, is expected to be completed in 2018

Starwood, Dubai Properties sign deal for four new hotels

Under the deal, Starwood will open three Aloft hotels and one Element hotel in Dubai

LuLu group buys London’s Great Scotland Yard building for $170m

The iconic building is currently being converted into a five-star hotel

R Hotels awards deal for Palm Jumeirah resort to ANC Contracting

The hotel operator is currently building a 253-room four-star property in Palm Jumeirah

R Hotels plans new Dhs 150m hotel in Ajman Corniche

Construction on the 182-key hotel is slated to begin in Q3 2015 with the opening scheduled for Q1 2017

Property market and economy in Dubai ‘healthy’ – Jumeirah CEO

Gerald Lawless says emirate’s property market has matured well since the financial crisis

Movenpick Hotels & Resorts to open fourth hotel in Jeddah

The new hotel is scheduled to open in the first quarter of 2019 and will be located on Prince Sultan road in Jeddah