Dubai-based Hasabi Real Estate has signed an agreement with AccorHotels for a 700-room mixed-use development in the Garhoud area near the Dubai International Airport. The complex consists of a 350-room four-star hotel and a 350-room four-star hotel.
Ròya, an international specialist hospitality consultancy firm based in Dubai, was engaged by Hasabi Real Estate to provide hospitality advisory services during the conceptualization and design stages.
When asked why Ròya did not recommend a five-star property, Group CEO Ahmed Ramdan said that each property has "specific factors and a unique offering that has to suit the market." Considering the location and the footprint of the area as well as probable future developments, the group felt that the best fit and potential return on investment for the owner indicated the three- and four-star hotel categories would attract a better balance of business and leisure tourism