Close

Cart

Total $0.00

Checkout

DUBAI, UAE, January 25, 2016 - Ròya, an international specialist hospitality consultancy firm based in Dubai, today announced the agreement signed by their client, Hasabi Real Estate with Accor Hotels.

Roya was engaged by Hasabi Real Estate, a highly regarded real estate firm based in Dubai, to provide hospitality advisory services during the conceptualization and design stages up to and inclusive of the tendering of their mixed-use development.  

Located in the desirable Garhoud area near the Dubai International airport, the complex consists of a 350 key 4-Star Hotel, 350 key 3-Star Hotel.

Speaking on behalf of Hasabi Real Estate, H.E. Saeed bin Ahmed Al Otaiba said: "We are delighted to be partnering with Accor Hotels as our operator and signed the agreement with them during this blessed month of Rabea Awwal. Ròya played a key role in the process and provided us with sound advice on the concept, efficient schematic and detailed design while simultaneously managing the hotel operator selection and negotiation process."

When asked to speak on why Ròya did not recommend a 5 star property in this prime location Ahmed Ramdan Group CEO said: "Each property has specific factors and a unique offering that has to suit the market. Looking at the location and the footprint of the area as well as probable future developments, we felt that the best fit and potential return on investment for the owner indicated choosing the 4 and 3 star hotel category with a balanced blend of business and leisure tourism."

Ròya's role for Hasabi Real Estate in the operator selection was instrumental in leading the operator negotiations and facilitating the overall process to secure a favorable Memorandum of Understanding/Hotel Management Agreement and related auxiliary agreements which were signed in January 2016.

About Ròya International

Founded in 1998, Dubai based Ròya (http://www.royainternational.com) is an international hospitality consultancy firm providing specialist expertise to the hospitality, leisure, tourism, food|beverage and real estate industries. Known for their portfolio of work on iconic MENA properties, the group has expanded to include major projects on a global basis. Headed by Ahmed Ramdan, the group and its more than 60 full time professionals offer the full range of hospitality advisory and asset management services. Their sister company RPM (http://www.rpm-itl.com ) are reputed project managers with a broad portfolio of large and small projects managed from concept to turn key delivery. 

Contact: Rabih Feghali

rabih@royainternational.com / +971(0)43-43-2444

Related News

21c Museum Hotels Selected as Brand and Management of Restored Historic YMCA Building in Downtown St. Louis

sbe and Accor Launch New Luxury Global Lifestyle Hotel Brand – The House Of Originals

Accor Launches a New Lifestyle Brand - TRIBE

Accor Expands in the Americas With Planned 2021 Opening of SO/ Los Cabos Hotel & Residences

AccorHotels North & Central America's Chief Operation Officer Kevin Frid to Retire in January 2019

Emlyn Brown Appointed Vice President, Wellbeing for AccorHotels’ Luxury Brands

AccorHotels Completes Its Acquisition of a 50% Stake in sbe Entertainment Group; Founder & CEO Sam Nazarian Will Control the Remaining 50%

AccorHotels Completes Acquisition of Mövenpick Hotels & Resorts

AccorHotels Signs Agreement to Acquire 85% Stake of 21c Museum Hotels for $51 Million

Katara Hospitality and AccorHotels to Set up an Investment Fund Dedicated to Hospitality in Sub-Saharan African Countries

AccorHotels Agrees to Acquire 50% in sbe for $125 Million With Promise of $194 Million in Additional Investment for Future Development

AccorHotels Appoints Karla Erales as General Manager of Sofitel Washington DC Lafayette Square

Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China

Fairmont San Jose Appoints Dan McGowan as General Manager

AccorHotels Sells 57.8% of the Capital of AccorInvest

AccorHotels and Algeciras Sign Agreement for Purchase of Chilean Group Atton Hotels

AccorHotels Appoints Ian Ricci as Vice President of Development for Canada and the Caribbean

AccorHotels Acquires Mövenpick Hotels & Resorts for U.S. $567 Million

AccorHotels, Saunders Hotel Group and The Noannet Group Partner for Raffles Boston Back Bay Hotel & Residences Set to Open in 2021

AccorHotels Signs With DMCC for First SO/ Project in the Middle East Set for 2020 Opening in Dubai

All News »

Please login or register to post a comment.