Millennium expands in Dubai

The first phase of the opening will include 156 apartments out of the hotel’s 347 units. Photo credit: Millennium Hotels and Resorts

Millennium Hotels and Resorts has opened its 40th property in the Middle East and Africa region via a partnership with Deyaar Development PJSC, a UAE-based real estate development and property management company.

The 30-story Millennium Atria Business Bay hotel-apartment tower in Dubai will be managed by the Millennium's Middle East and Africa subsidiary and is the first property in Deyaar’s hospitality portfolio.

The first phase of the opening will include 156 apartments out of the hotel’s 347 units. The development also includes several restaurants, a kids' club, a fitness center and an infinity pool on the 25th floor.
 
“We are proud to see Deyaar’s first hospitality project commence its operations,” said Selim El Zein, assistant VP/hospitality at Deyaar. “This opening shows commitment to our vision to diversify our real estate portfolio, as well as the returns for our investors, to complement the value-added services Deyaar offers. Millennium Atria Business Bay will be a landmark in Dubai’s strong hospitality sector.”
 
Dubai was named the seventh most-visited city in the world in 2018, as ranked by Euromonitor International. According to the Department of Tourism and Commerce Marketing. Dubai's tourism sector was worth Dh109 billion in 2017. In first-half 2018, Dubai received 8.1 million tourists, with India, Saudi Arabia and the U.K. remaining the top markets. The city’s hotel inventory stood at 111,317 rooms in the first half, up 7 percent on the same period in 2017. Occupied room nights increased from 14.53 million to 14.97 million.
 
Millennium Hotels and Resorts is the umbrella brand of Millennium & Copthorne Hotels plc. The company owns and/or manages a portfolio of more than 136 hotels with more than 40,000 rooms in Asia, Australasia, Europe, the Middle East and North America. 

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.