Dubai's Jebel Ali International buys hotel in Jumeirah Beach Residence

Hotelier Middle East reports that Jebel Ali International Hotels has acquired a beach-facing property in Dubai Marina’s Jumeirah Beach Residence for more than $100 million. The 341-room hotel, bought from Abu Dhabi-based Das Holdings, is expected to open in October 2012. The hotel is yet to be named, but will be a four-star hotel owned and operated by JAIH, which manages a portfolio of hotels including Jebel Ali Golf Resort and Spa, Hatta Fort Hotel and Oasis Beach Tower, also in JBR. JAIH regional general manager David Thomson told Hotelier Middle East that the hotel was complete but that it would be investing more than $20 million in architectural upgrades and fit-out.
 

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