Crowdfunding hotels: An alternative real estate investment model
In April of this year, Smart Crowd became the first regulated financial digital investment platform in MENA and remains the only one to date. Here’s how its investment model allows people to build a diversified real estate portfolio, with just a small capital pool
AccorHotels and Mövenpick Hotels & Resorts finalize merger
With the close of this acquisition, AccorHotels has become the largest operator by room number in the Middle East and Africa.
Emaar Hospitality Group’s Olivier Harnisch highlights his operational strategy
It is important to develop brands that meet the diverse spectrum of needs and aspirations of travelers.
CityCenter sells Mandarin Oriental Las Vegas for USD 214 million
CityCenter is jointly owned by a wholly owned subsidiary of MGM Resorts International and Infinity World Development Corp (a wholly owned subsidiary of Dubai World).
Coca-Cola buys Costa Coffee for USD 5 billion
The acquisition will expand the existing Coca-Cola coffee lineup by adding another leading brand and platform.
International tourism at highest level since 2010
China continues to lead global outbound travel, having spent USD 258 billion on international tourism in 2017.
Three Major Projects Taking Shape In The ME
An interview with Hani Kafafi, CEO of Al Houda Hotels & Tourism Company, which operates in Kuwait, Cairo, UAE and Iraq, revealed details of the asset management and development company’s three current projects.
What’s On A F&B Investor’s Checklist?
With new market dynamics and the growing influence of millennials, F&B investors are after smarter investment choices. Abdul Kader Saadi, managing director of Glee Hospitality Solutions, offers his insight into the key F&B investment trends and current talking points in evidence across the MENA region
USD 4 million invested by Nakheel in new marinas at Dubai’s Palm Jumeirah
Nakheel is also building six marinas, at a cost of USD 45 million, at its new waterfront master development, Deira Islands.
