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
New corporate director for Emaar Hospitality Group
In her new role, she will have overall charge in driving the group’s strategic partnership with Expo 2020 Dubai.
Millennium Hotels and Resorts expands its footprint in Oman
The hotel brings one of the largest ballrooms in the country with a capacity of 1,000 guests. In addition, the hotel offers four restaurants and cafes.
Kuwait: A destination in the Making
With ambitions to welcome 440,000 visitors a year by 2024, the government of Kuwait is pressing ahead with multiple plans that will see billions of dollars invested in projects and a further USD 1 billion budget earmarked for promoting the Gulf state over the same period
Canal Central Hotel Business Bay now open
The hotel offers 278 rooms and suites. It also has a gym, a pool, a business center, as well as meeting and events facilities.
Korean Ssangyong E&C to build five-star Andaz hotel in Dubai
South Korean builder Ssangyong E&C has won a USD 62 million contract from UAE-based wasl Asset Management Group to build five-star, 156-room Andaz boutique hotel at La Mer beachfront development in Dubai, reported Trade Arabia. The property is a Hyatt brand, and will be designed by VX Studio.
Wasl, a public entity that develops and manages government property assets, currently owns 14 hotel properties in Dubai, including Dusit Thani, Park Hyatt and Le Meridien.
Work already kicked off, and the project will be ready in 2020.
Laurent Voivenel from The Hotel Show: New owner-operator relationships
The business is becoming more complex and competitive for operators who are grappling with multiple challenges.