Arabian Business is reporting that Dubai-based Deyaar Development and Millennium & Copthorne Hotels are set to establish a strategic alliance for developing and operating new hospitality projects in the UAE to the tune of an estimated 1,000 rooms.
The memorandum of understanding aims to establish a long term business relationship that will serve as a platform for Deyaar and Millennium & Copthorne to develop hotel and hospitality projects in the country, in accordance with Sharia compliant standards.
Saeed Al Qatami, CEO of Deyaar, said: "Deyaar has allocated up to one million square feet of land for hospitality projects as part of our growth strategy. We have already announced several hotels and hotel apartment projects as part of our ongoing development pipeline.
"As a logical progression, we decided to expand our hospitality portfolio and commenced serious conversations with reputed and established international hotel operators such as Millennium & Copthorne. This MoU reiterates our commitment to introduce new hospitality units into Dubai's vibrant tourism sector and contribute in helping the emirate achieve its tourism objective of adding 160,000 new hotel rooms by 2020."
Meanwhile, Marriott International, together with Ian Schrager and Dubai Properties, have announced plans for a second Edition hotel in the United Arab Emirates set for Dubai. Scheduled to open in 2018, the new hotel will follow the expected 2016 debut of the Emirate’s first Edition property in Abu Dhabi. Marriott International will manage the hotel under a long-term agreement.
Expected to open in the first quarter of 2018, the 258-room hotel will have a spa, a beach club, meeting and special event space and a business center. When opened, the project is poised to join the growing portfolio of Dubai Properties offerings within the hospitality sector.
And finally, in an interview with Hotelier Middle East, Gordon Campbell Gray, founder and Chairman of CampbellGray Hotels, announced that he will be bringing his company to the UAE hotels market, confirming: "We have signed for Dubai".
Campbell Gray declined to reveal more information, including the owner or location.