Louvre Hotels Signs First Kyriad Branded Hotel in Dubai Culture Village

Date: April 2018

Location: Culture Village, Dubai, UAE

Name: Kyriad Hotel

No. of Keys: 263

Seller:

Buyer:

The hotel company will also enter Abu Dhabi with the conversion of a four-star hotel in the downtown district, bringing its re-positioned Golden Tulip brand targeted towards millennials to the capital by Q3 2018.

By the close of 2018, the group shall have opened six new properties and more than 1,150 rooms ranging from upscale four star to midscale three star hotels including the following: Golden Tulip Down Town Abu Dhabi (156 rooms); Re-opening of the Golden Tulip Media Dubai (opened with 288 rooms and suites); Tulip Inn Modon Riyadh (opened with 107 rooms); Tulip Inn Khan, Sharjah (232 rooms); Tulip Inn Rawafed, Madinah (126 rooms) and Tulip Inn Aziziyah Makkah (256 rooms).

While future openings in the next two years include hotels in Makkah, Madinah, Al Khobar, Ehsa and others. In addition to Dubai, Sharjah, Muscat, Salalah, Amman, Algiers, Tunis and Tbilisi leading up to 2020 and reaching the 100 hotel milestone.

THPT Comment: Interesting move for Louvre Hotels to pen in Dubai under the Kyriad brand (of nine brands they have), although they do have 240 hotels mainly in France, with a handful in USA, China, Indonesia, Morrocco and now the Middle East.

First Seen: Hotelier Middle East