Recent Deals In Middle East

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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 –…

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…

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,…

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…

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…

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…

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…

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…

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…

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…