Thai Charm entices Middle East Hotel Developer
Based Dusit International adds two new properties to its regional portfolio – expansion plans take shape with 8 hotels and residences
Dubai, United Arab Emirates - Thai luxury hotel chain Dusit International has announced further expansion of its regional portfolio of properties at Arabian Travel Market on 6 May 2009 in Dubai.
Boasting a total of six hotels and residences in the Middle East either fully operational or under construction, Dusit has unveiled two additional properties – Dusit Princess City Centre, Dubai and Dusit Dilmunia on Bahrain Health Island.
“Our regional strategic plan is beginning to unfold,” said Mr. Octavio Gamarra, Senior Vice President, Dusit International. “Thai culture in general is increasingly popular throughout the Middle East. The key to our success has always been our unique, unrivalled and world renowned Thai hospitality, which sets Dusit apart from any other hospitality chain in the world.”
The management contract for the Dusit Princess City Centre, Dubai was signed with Dubai-based Sharaf Group and construction work is on schedule.
According to Mr. Wolfi Malik, General Manager of the new Dusit Princess City Centre, Dubai hotel, “The exterior work is complete and the contractors are now working on the secondary and interior finishing. We are planning a soft opening in September with the grand opening slated for 1st October.”
The four-star property features 120 rooms and suites, exclusive meeting rooms, an all day dining restaurant, a speciality café, gymnasium, swimming pool with jacuzzi and juice bar.
Situated just five minutes walk from Deira City Centre shopping mall, the hotel aims to attract both budget conscious business and leisure guests all year round.
“With our location, family atmosphere, brand and value-for-money rates, we are well positioned to gain market share in this sector,” added Mr. Malik.
In addition to Dusit Princess, during a separate ceremony, Dusit signed a memorandum of understanding (MOU) with Bahrain-based Ithmaar Development Company (IDC).
The MOU outlines Dusit’s role for the operation and management of Dusit Dilmunia a five-star resort and spa located on Bahrain Health Island in the Arabian Gulf.
The property will feature up to 250 guest rooms, restaurants, meeting space as well as a number of Thai-style beach-front villas situated on 30,000 square metres of pristine coastline. In keeping with the Dusit brand, the hotel will also offer Thai health and spa services.
“IDC is pleased to partner with Dusit. We discovered during our preliminary review that IDC and Dusit shared the same corporate philosophy and vision for this development. Naturally we are confident of not only meeting but exceeding our objectives for Dilmunia, due to the natural convergence of values and beliefs,” commented Mr. Mohammed Khalil Alsayed, CEO and member of the Board of Directors of IDC.
Reclamation work on the 125 hectare man-made island, which will also accommodate residential, commercial and retail space, is on schedule. Construction of the hotel is expected to begin in 2011 with a significant part of the resort operational by 2012 and the entire island fully completed by 2014.
The timeline for the development of Dilmunia is a factor that IDC believes gives them a competitive advantage.
“According to some analysts, core construction costs in parts of the Gulf are now over 60% cheaper than they were last year, so we will benefit from these lower costs. In addition even the most pessimistic financial experts agree that the global downturn will be well on the road to recovery by 2012, providing an ideal timeframe for our project,” added Mr. Alsayed.
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