Recent Deals In Middle East

Recent Deals In Middle East

Check out the recent hotel deals from the Middle East region…

Mandarin Oriental Kuwait Opening in 2028 With Plans to be Country’s Best Hotel to be Designed by Foster & Partners

Date: November 18, 2022 Author: Dev Anand

Main Photo: The new Mandarin – envisaged Date: November 2022 Name: Mandarin Oriental Kuwait – due to open 2028 Location: Looking onto Kuwait City Number of Keys: 159 to include 33 suites and 10 serviced apartments Seller: TBA Buyer: Bukhamseen Group Holding Mandarin Oriental Group is growing in the Middle East by planning to open…

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Aimbridge EMEA Replaces Interstate as Their EMEA Brand

Date: October 4, 2022 Author: Dev Anand

Date: September 2022 Location: Global – Affects EMEA What Did They Say: No longer Interstate…now Aimbridge EMEA Who They: Aimbridge Hospitality, the parent company that acquired Interstate Hotels & Resorts in 2019 Main photo: The Hotel Indigo The Hague, an Interstate managed hotel After spending many years as one of the most well-known global third-party management…

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UAE Gets Own ‘Casino Consortium’ as Wynn Resort Causes Investment Push

Date: October 4, 2022 Author: Dev Anand

Date: September 2022 Location: Ras Al Khaimah, UAE What Did They Say: Gaming getting closer to UAE Who They: A consortium focusing on gaming has been created in the UAE – Carter Hones Associates, WT Partnership and Westar Architects International Main photo: The planned Wynn “mega-resort” planned to open 2026 A consortium focusing on gaming…

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Saudi Arabia’s NEOM Backs US $350m 5-Star Hot Air Balloon Hotel Project – Nimbus

Date: September 28, 2022 Author: Dev Anand

Main Photo: The outline plan! Date: September 2022 Name: Nimbus Location: UAE/Saudi Arabia – can move freely! Number of Keys: TBA Seller: Dreamed up by 4 students at Cornell – much beer involved! Buyer: Saudi Arabia’s NEOM Tech & Digital Company, rebranded this week as Tonomus looking to back the concept A proposed US$350 million…

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Saudi Arabia to Bid US$40bn for FIFA 2030 World Cup

Date: September 26, 2022 Author: Dev Anand

Main Photo: What the FIFA World Cup Fanzone might look like! Date: September 2022 Name: FIFA 2030 World Cup Location: It is understood the Saudis will make a joint bid, with Egypt and Greece as co-hosts Number of Keys: in 2022: The World Cup is expected to attract more than one million visitors, but by…

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Rotana Announces Two New Dubai Hotels: Arabian Park & Damac Hills 2

Date: September 22, 2022 Author: Dev Anand

Main Photo: The Damac Hills 2 Hotel – imagined Date: September 2022 Names: Arabian Park Hotel and Damac Hills 2 Hotel – opening October and November 2022 Locations: Arabian Park will be located in Al Jaddaf; Damac Hills 2 hotel is located in the Akoya Oxygen community…both in Dubai, UAE Number of Keys: 328 and…

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Aleph Hospitality Expands Middle East Footprint With New Management Agreement for La Maison Doha

Date: September 21, 2022 Author: Dev Anand

Main Photo: The Doha hotel skyline including the Aleph Doha Residences, Curio Collection by Hilton Date: September 2022 Name: La Maison – to open in time for the FIFA World Cup November, 2022 Location: Doha’s Ben Mahmoud area, Qatar Number of Keys: 448 guestrooms and serviced apartments spread over three towers Seller: TBA Buyer/Owner: TBA Earlier…

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Hilton Debuts Waldorf Astoria In Kuwait In Partnership With Mabanee

Date: August 28, 2022 Author: Dev Anand

Main Photo: The lobby at the new Waldorf Astoria Date: August 2022 Name: Waldorf Astoria Kuwait Location: The Avenues development, Kuwait City, Kuwait Number of Keys: 200 Seller: TBA Buyer: Mabanee is the developer of the Avenues, and the two hotels – Waldorf Astoria and Hilton Garden Inn Waldorf Astoria Hotels & Resorts, a brand…

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Four Seasons Expands In Egypt With Three New Luxury Hotel & Residential Projects

Date: August 19, 2022 Author: Dev Anand

Main Photo: Four Seasons Hotel & Residences New Cairo Capital at Madinaty – Imagined Date: August 2022 Names: Four Seasons Hotel and Private Residences New Cairo Capital at Madinaty…to open 2025,  Four Seasons Hotel Luxor…also opening 2025 and Four Seasons Resort and Private Residences Sharm El Sheikh Locations: Madinaty, Luxor and Sharm El Sheikh Number…

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Dubai Residential Real Estate Transactions Surges to Hit US $653.4 million on Tuesday 9th August 2022

Date: August 10, 2022 Author: Dev Anand

Date: August 2022 Location: Dubai.UAE What Did They Say: Residential sales hit AED2.4bn on Tuesday, 50% higher than Monday (AED 1.6bn) Who They: Dubai’s Land Department Main photo: Jumeirah Village Circle Dubai The residential property deals in the Dubai real estate market shot up on Tuesday to hit AED 2.4 billion ($653.4 million), 50 percent higher…

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Airfares and Hotel Tariffs Skyrocket for Qatar World Cup Period

Date: July 7, 2022 Author: Dev Anand

Date: July 2022 Location: Qatar What Did They Say:  Fans from around the world panic as airfares, hotel tariffs skyrocket for Qatar World Cup season Who They: Arabian Business magazine Main photo: Admares thought they had it cracked with bringing in 16 floating hotels Football fans from around the world, including from the Indian sub-continent -…

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Saudi Tourism Fund Signs Pact With Spain’s Melia to Set Up Three Hotel Projects, With US$266.5m Investment

Date: July 4, 2022 Author: Dev Anand

Main Photo: The Gran Melia de Mar, Mallorca Date: July 2022 Name: Tourist Development Fund (TDF) and Melia Hotels International Locations: Riyadh, Jeddah and the Eastern Province, Saudi Arabia Number of Keys: TBA Funder: Tourism Development Fund Manager: Melia Hotels International, owner and operator of 350 hotels in 40 countries, with eight brands The Tourism…

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The Ritz-Carlton Debuts in Amman, Jordan

Date: June 22, 2022 Author: Dev Anand

Main Photo: The new Ritz-Carlton Amman Date: June 2022 Name: The Ritz-Carlton Amman Location: Fifth Circle, Amman, Jordan Number of Keys: 228 Seller: TBA Buyer: Al Eqbal is the master developer of two upcoming esteemed properties in Amman, Jordan, The Ritz-Carlton Hotel and The Ritz-Carlton Residences. Marriott have announced the opening of The Ritz-Carlton, Amman,…

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Grand Hyatt Kuwait to Mark Brand’s Debut in Kuwait Late Summer 2022

Date: May 29, 2022 Author: Dev Anand

Main Photo: The lobby at the new Grand Hyatt Date: May 2022 Name: Grand Hyatt Kuwait – opening late summer 2022 Location: 360 Mall, Kuwait – 9km from Kuwait International Airport Number of Keys: 302 Seller: TBA Buyer: Tamdeen Group The 59th Grand Hyatt in the world, and the first Grand Hyatt in Kuwait, is gearing up…

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Accor Adds Legendary Queen Elizabeth 2 To It’s Dubai Portfolio

Date: May 9, 2022 Author: Dev Anand

Main Photo: The most famous ship on the water – The Queen Elizabeth 2 – QE2, iamgined after the refit Date: May 2022 Name: Queen Elizabeth 2 to become branded under Accor’s MGallery Hotel Collection – MGallery Queen Elizabeth 2 Location: Port Rashid, Dubai, UAE Number of Keys: 447 Owner: The Ports, Customs and Free…

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If You Can’t Build A Resort On The Moon, Bring the MOON To Earth!

Date: May 8, 2022 Author: Dev Anand

Main Photo: An image of what The Moon Resort (one of them) might look like! Date: May 2022 Name: MOON Locations: Looking to licence four locations on Earth – The Middle East (Gulf), Asia, Europe and North America Number of Keys: 4,000 suites per location Licensor: Moon World Resorts Inc Licensee: Looking for Licensees to…

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voco Bonnington Dubai Opens January 2022 in Jumeirah Lake Towers – 2nd voco in Dubai

Date: May 5, 2022 Author: Dev Anand

Main Photo: The voco Bonnington Dubai Date: May 2022 – hotel openedin January 2022 Name: voco Bonnington Dubai Location: Jumeirah Lakes Towers, near Dubai Marina, Dubai, UAE Number of Keys: 208 Seller: Was The Bonnington Hotel Dubai – built in 2008 as hotel and 271 apartments, owned by The McGettigan Group Buyer: Bonnington Hospitality JLT…

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Four Seasons And Diriyah Gate Development Announce New Hotel In Saudi Arabia

Date: March 26, 2022 Author: Dev Anand

Main Photo: The proposed new Fours Seasons Hotel Date: March 2022 Name: Four Seasons Hotel Diriyah, Saudi Arabia Location: Diriyah, just outside of Riyadh, Saudi Arabia Number of Keys: 150 rooms and suites Seller: TBA Buyer: Diriyah Gate Development Authority Four Seasons Hotels and Resorts and Diriyah Gate Development Authority (DGDA), the developers of the…

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Hilton’s LXR Hotels & Resorts to Debut in Abu Dhabi With a Private Signature Island Golf Course

Date: March 22, 2022 Author: Dev Anand

Main Photo: The Al Nawras Island, LXR Hotels & Resorts – imagined Date: March 2022 Name: Al Nawras Island, LXR Hotels & Resorts – to open 2023 Location: The private Al Nawras Island, Abu Dhabi, UAE Number of Keys: 80 villas Seller: TBA Buyer: TBA LXR Hotels & Resorts, Hilton’s collection of independent luxury properties, has…

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Shangri-La Debuts in Saudi Arabia

Date: March 1, 2022 Author: Mark Harris

Main Photo: Shangri-La Jeddah Date: February 2022 Name: Shangri-La Jeddah Location: Burj Assila, Jeddah, Saudi Arabia, UAE Number of Keys: 220 Owner: Assila Investments…the hotel forms part of the two-billion Saudi Riyal mixed-use development project Manager: Shangri-La The 220-room Shangri-La Jeddah has opened, marking the brand’s first property in Saudi Arabia. Shangri-La Jeddah offers 220…

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