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UAE firm to manage 100 hotels in 4 years
Dubai
 

Hospitality Management Holdings (HMH), a UAE-based company,  has drawn up an ambitious expansion plan to manage about 100 hotels over the next four years, a top company official said.

HMH will expand into Africa, Asia and Middle Eastern countries, Michel Noblet, managing director of HMH was quoted as saying in a Emirates Business report.

The group will start with Malaysia, Indonesia and India.

It manages 15 hotels right now and has signed deals for 35 more hotels with Nakheel.

'This healthy line-up of 35 new hotels will give us an additional 4,000 rooms thus significantly boosting our profitability,' stated Noblet.

HMH has projects worth more than Dh4.5 billion ($1.22 billion) under development and the company will pump in another Dh4-5billion in its new hotels, he added.


 
   
 
     
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