FRHI Hotels & Resorts Plans Seven New Hotel Developments in Middle East, Africa, and India Region
May 8, 2014 11:00am
Currently, FRHI has 19 existing hotels in the MEAI region. The new developments are set to open in key strategic markets, including the Kingdom of Saudi Arabia, the United Arab Emirates, Egypt and Nigeria.
"Our newly announced projects represent significant growth for FRHI and support our global expansion strategy of growing by 50 per cent over the next five years," stated Michael Glennie, FRHI's president & chief operating officer. "Increasing the footprint of our leading hotel brands, as well as the continued expansion of our residential business across the MEAI region is critical to our success. We look forward to successfully opening these new hotels and to exploring future development opportunities throughout the region."
FRHI's 2020 expansion strategy for the MEAI region includes seven new hotel developments. These include:
Kingdom of Saudi Arabia - two new hotels will complement an existing presence in Makkah (the iconic Makkah Clock Royal Tower, Raffles Makkah Palace, and the Swissôtel Makkah), as well as the previously announced Fairmont Riyadh, Business Gate, set to open in 2015.
United Arab Emirates - with four properties operating in Dubai and Abu Dhabi, and more in development (Fairmont Ajman, Fairmont Fujairah, and Fairmont Abu Dhabi Marina), FRHI is bringing the Swissôtel brand to its growing UAE portfolio in an emerging area of Dubai.
Egypt - to complement existing properties in Cairo, FRHI will partner with Citystars on an exceptional flagship project in Sharm el Sheikh. Three new hotels and a signature golf course will be built in Egypt's Red Sea coastal city.
The final phase of FRHI's Sharm el Sheikh project development covering 7.5 million sqm of land will include an extensive residential development with multiple lagoons and a boutique desert hotel with 80 tent-like rooms. Contributing to the infrastructure of the area, a school and tennis academy will also be built, as well as a natural reserve of mangroves planted for environmental preservation.
Nigeria - Lagos, Nigeria's commercial capital and the second fastest-growing city in Africa, represents an important business hub. The city will soon welcome its first Fairmont property.
Added Glennie, "This is the first of what we hope will be many exciting announcements for FRHI in the year ahead, as we continue to focus on opening new luxury hotels and growing our brands in key strategic markets."
Contact: FRHI Hotels & Resorts - Mike Taylor, Director, Public Relations
+1 416 874 24 57
Contact: FRHI Hotels & Resorts - Ilhame Mounaouir, Director, Public Relations, MEAI, Sales
+971 56 224 56 63
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