Aldar Properties has planned to set up a hotel management company to operate some of the 40-odd hotels it is developing, a report said.

'We will set up a separate hotel management company to operate some of the hotels that we are developing, although the majority of these will be managed by reputed international operators,' Paul Bell, managing director of Aldar Hotels and Hospitality was quoted as saying in the Gulf News report.

'We have currently 12 hotels under development in Abu Dhabi, including six to be delivered next year. About 10 of the 40 hotels under planning and development will be for the mid-market segment, either three or four-star rated hotels. The majority will be of five-star rating catering to the leisure and corporate markets,' he added.