{"id":52750,"date":"2017-04-24T23:36:47","date_gmt":"2017-04-24T16:36:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=52750"},"modified":"2017-04-24T21:59:26","modified_gmt":"2017-04-24T14:59:26","slug":"emaar-hospitality-group-unveils-six-new-hotels","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-hospitality-group-unveils-six-new-hotels\/","title":{"rendered":"Emaar Hospitality Group unveils six new hotels"},"content":{"rendered":"


\nEmaar Hospitality Group, the hospitality and leisure arm of Emaar Properties, unveiled six new hotels as part of its regional and international expansion at Arabian Travel Market (ATM) in Dubai. The expansion will come across Emaar’s three hotel brands, the premium Address hotel and resorts, the upscale Vida Hotels and Resorts and the midscale Rove Hotels. An Address Dubai Creek Harbour Hotel and an Address Dubai Creek Harbour Residences will be part of the 6-square-kilometre development anchored by the planned world’s tallest tower, designed by Santiago Calatrava. A joint venture with Aldar Properties includes a Vida Beach Reem Island Abu Dhabi and Vida Residences Beach Reem Island, scheduled to open in 2019 or 2020. Internationally, Emaar has agreed to build a new Address Marassi Beach Resort and Address Residences Marassi Beach Resort in Egypt. Emaar Hospitality also announced the opening of its new Rove Trade Centre Hotel in the next few weeks.
\n“We are in a dynamic market with opportunities all around,” said Olivier Harnisch, chief executive of Emaar Hospitality. Average occupancy at its hotels is 85 per cent, above the rest of the market, said Mr Harnisch.Emaar Hospitality currently operates 10 hotels and three serviced apartment properties with 26 projects in the pipeline. While there has been a softening in revenue per available room (revpar) in Dubai, with some segments falling 10 per cent in 2016, occupancy rates edged up 3.2 per cent to 79.7 per cent last year, according to STR.
\n“I don’t see a problem with over supply, its something I have been hearing about in Dubai for ten years,” said Mr Harnisch. “I think we will see some more mid-market offerings but our three Rove Hotels have been exceeding our expectations and I think the demand will remain high. We have a booming airport, a strong [meetings and events] sector, occupancy levels high and Expo 2020 getting ever nearer.”
\nascott@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Emaar Hospitality Group unveils six new hotels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Hospitality Group, the hospitality and leisure arm of Emaar Properties, unveiled six new hotels...<\/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-52750","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-dIO","jetpack-related-posts":[{"id":11340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-35-new-hotels\/","url_meta":{"origin":52750,"position":0},"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. 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":[]},{"id":11344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-35-new-hotels-in-next-five-years\/","url_meta":{"origin":52750,"position":1},"title":"Emaar to open 35 new hotels in next five years","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. 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":[]},{"id":57888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-to-open-address-hotels-resorts-site-near-grand-mosque-in-mecca\/","url_meta":{"origin":52750,"position":2},"title":"Emaar to open Address Hotels + Resorts site near Grand Mosque in Mecca","date":"June 14, 2017","format":false,"excerpt":"\r Emaar Hospitality Group has signed a deal with Jabal Omar Development to operate a new Address Hotels + Resorts project in Mecca, close to the Grand Mosque.The Jabal Omar Address Makkah property will have 1,490 hotel rooms and suites - some of which will be available for freehold purchase.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-properties-reports-8-rise-in-q2-profit-now-in-exciting-phase-of-growth\/","url_meta":{"origin":52750,"position":3},"title":"Dubai's Emaar Properties reports 8% rise in Q2 profit, now in 'exciting phase of growth'","date":"July 31, 2016","format":false,"excerpt":"\r Emaar Properties has increased its second-quarter net profit by 8 per cent year-on-year to Dh1.27 billion as revenue climbed by 7 per cent to Dh3.5bn. In the six-month period, net profit was up 12 per cent to Dh2.48bn (H1 2015: Dh2.2bn) as revenue climbed by 11 per cent to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eagle-hills-project-expected-to-boost-bahrain-gdp-by-4\/","url_meta":{"origin":52750,"position":4},"title":"Eagle Hills project expected to boost Bahrain GDP by 4%","date":"January 15, 2016","format":false,"excerpt":"\r \r The Abu Dhabi-based developer Eagle Hills has said its Marassi Al Bahrain project will involve an investment of $3 billion \u2013 and could provide a boost of as much as 4 per cent to Bahrain\u2019s GDP.The company also said that it intends by March to appoint contractors to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1514,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eagle-hills-project-could-boost-bahrain-gdp-by-4\/","url_meta":{"origin":52750,"position":5},"title":"Eagle Hills project could boost Bahrain GDP by 4%","date":"January 15, 2016","format":false,"excerpt":"\r \r The Abu Dhabi-based developer Eagle Hills has said its Marassi Al Bahrain project will involve an investment of $3 billion \u2013 and could provide a boost of as much as 4 per cent to Bahrain\u2019s GDP.The company also said that it intends by March to appoint contractors to\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\/52750"}],"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=52750"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52750\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}