{"id":20428,"date":"2016-07-21T20:18:44","date_gmt":"2016-07-21T13:18:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=20428"},"modified":"2016-07-21T18:52:40","modified_gmt":"2016-07-21T11:52:40","slug":"action-group-upgrades-dubai-healthcare-city-hotel","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-group-upgrades-dubai-healthcare-city-hotel\/","title":{"rendered":"Action Group upgrades Dubai Healthcare City hotel"},"content":{"rendered":"


\nKuwait-based Action Group has upgraded its latest Dubai hotel project to a four-star property on expected demand from medical tourists to the emirate.It plans to invest US$56 million in the Dubai Healthcare City site.The company’s subsidiary, Action Hotels, will own the property, which will now be operated by AccorHotels’ Novotel brand as a 220-room hotel. Earlier scheduled to open as a three-star property this year, the construction is now scheduled to begin next month with the hotel opening in 2018.The 26,312 square feet plot of land was acquired for $16m from Dubai Healthcare City and is jointly owned by Action Hotels and Sheikh Mubarak Al Sabah, its founder and non-executive chairman.Dubai Healthcare City and its surrounding area currently has five hospitals with another scheduled to open in 2018. “We did a feasibility study and found that the economics of a four-star, full-service property is better in that area than a three-star property as there are only five-star hotels in the area,” according to Alain Debare, the chief executive of the London AIM-listed Action Hotels. “We want to tap into medical tourism and the Oud Metha area with the government and corporate offices.”The Dubai Health Authority has set a target of 500,000 medical tourists by 2020, up from 107,500 in 2012.Initially planning to develop the hotel on a leasehold basis, the company said the project would be funded through a mix of equity and bank financing of about $35.2m.This will be Action Hotels’ first property in Dubai.It also wants to get the benefit of the Dubai government’s initiative, announced in 2013, to waive the 10 per cent municipality fee levied on daily room rates if the construction permit is granted by December 2017.Despite the supply of new hotel rooms in Dubai, Action Hotels is confident of the four-star segment’s buoyancy.”The pressure on room rates is for the five-star hotels mainly as there is a real gap in the four-star market,” he said.Action Hotels opened its first property in the UAE in Sharjah last August with 168 rooms. A Staybridge Suites in Abu Dhabi is expected in 2017 with 112 rooms, and a Tulip Inn is expected in Ras Al Khaimah this month with 104 rooms.ssahoo@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Action Group upgrades Dubai Healthcare City hotel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kuwait-based Action Group has upgraded its latest Dubai hotel project to a four-star property on...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-20428","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5ju","jetpack-related-posts":[{"id":4025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-hotels-pays-10m-for-dubai-media-city-plot\/","url_meta":{"origin":20428,"position":0},"title":"Action Hotels pays $10m for Dubai Media City plot","date":"February 8, 2016","format":false,"excerpt":"\r \r The Kuwait-owned Action Hotels has bought a freehold site in Dubai Media City for US$10 million and plans to open a property by 2018.The developer of three and four-star hotels said that it bought the 5,553.5 square metre site within Media City's Innovation Hub from a subsidiary of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-a-rove-hotel-next-to-dubai-parks-and-resorts\/","url_meta":{"origin":20428,"position":1},"title":"Emaar to open a Rove hotel next to Dubai Parks and Resorts","date":"February 17, 2016","format":false,"excerpt":"\r \r Developer Emaar expects to open its first Rove hotel near the massive theme park under construction on the outskirts of Dubai. The 458-room, mid-market Rove At The Park will open adjacent to Dubai Parks and Resorts in Jebel Ali. The company did not announce an opening date. Rove\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/azizi-launches-its-first-serviced-apartment-project-in-dubai\/","url_meta":{"origin":20428,"position":2},"title":"Azizi launches its first serviced apartment project in Dubai","date":"April 18, 2016","format":false,"excerpt":"\r \r Azizi Developments is opening its first serviced apartment project in Dubai.The Dh460-million Candace project is located in the Al Furjan district of Dubai, close to Jebel Ali.The residences are expected to be ready by the third quarter of 2017. 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The Sharia-compliant, four-star hotel, plans to focus on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-35-new-hotels\/","url_meta":{"origin":20428,"position":4},"title":"Emaar to open 35 new hotels","date":"April 25, 2016","format":false,"excerpt":"\r Dubai's Emaar Hospitality Group expects to open 35 hotels and serviced residences within about five years as it expands at home and abroad. 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The new hotels will encompass its luxury Address Hotels and Resorts brand and the upscale Vida Hotels and Resorts as well as the midscale Rove Hotels.They\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20428"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=20428"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20428\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}