Eight new hotels and serviced apartments projects will be built over the next five years within Dubai Investments Park (DIP), amid demand in the run-up to Expo 2020.
The new hotels and serviced apartments, to be built by individual investors, will include a 303-room Premier Inn, 165-room Courtyard by Marriott and the 252-room Armada Hotel. With the new projects, the total number of hotel rooms within DIP will increase to approximately 2,000, as Dubai expects to attract as many as 25 million visitors during Expo 2020 - to be held between October 2020 and April 2021.
The emirate will require an additional 45,000 hotel rooms to match the rising demand by 2020, and an investment of nearly $7.1 billion is expected in new hotel projects.
