United Tower Real Estate signs management agreement with Hilton

Dilmunia

United Tower Real Estate has signed a management agreement with Hilton Worldwide to open a DoubleTree Suites by Hilton Hotel at the Dilmunia Island project, currently under development off the coast of Bahrain.

When it opens in 2019, the completed DoubleTree Suites by Hilton Bahrain Dilmunia Island will have 237 serviced apartments.

Hilton now has three properties in its Bahraini development pipeline, and more than 70 percent of the company's Middle East pipeline is currently under construction, indicating strong growth for the region, Carlos Khneisser, VP of development for Middle East & North Africa at Hilton, said in a statement. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The company has more than 67 properties currently under development in the Middle East, which will more than double the existing portfolio size over the next few years. The DoubleTree portfolio includes more than 460 hotels worldwide.

Source: Trade Arabia

Suggested Articles

Choice Hotels International forecast a year of investment, as it looked to build new brands and expand globally.

Pandox adjusted its dividend to allow it to increase its “capacity for future acquisitions and investments”.

“We are strengthening our existing brands and building new ones to appeal to the customer of tomorrow,” President/CEO Pat Pacious said.