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Ritz-Carlton to not open more hotels in Dubai

Dubai, May 25, 2014

The Ritz-Carlton, a luxury brand of US hotel chain Marriott International, has planned to not open more hotels in Dubai by 2020, said a report.
 
The company currently has two hotels in Dubai – Dubai International Financial Centre and Dubai Marina, and one in Abu Dhabi (The Ritz-Carlton Abu Dhabi, Grand Canal), said the Gulf News report.
 
“From now to six years, there could be different opportunities but no precise plans for a hotel in Dubai under The Ritz-Carlton,” Bob Kharazmi, the company’s global operations officer, was quoted as saying.
 
The Ritz-Carlton in Dubai Marina has been undergoing an expansion since January that will see the number of rooms increase from 130 to 260, which is expected to be completed by August-September. 
 
“Once we finish our existing hotel in Dubai that doubles in size, the other properties are fully booked,” Kharazmi was quoted as saying.
 
Meanwhile, Marriott International aims to boost the number of hotel rooms in Dubai from 2,700 to 10,000 by 2020, underpinned by the emirate’s successful bid to host the World Expo 2020, said the report.
 
The Ritz-Carlton also expects to strike deals for three properties in GCC countries in the next five to six months, which are likely to open in two to three years, it added. - TradeArabia News Service



Tags: Dubai | Marriott | Ritz | Carlton |

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