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FINANCIAL NEWS
Dubai’s Emaar wins hotel management contract in Kenya
26 Sep 2012
(MENAFN) Emaar Hospitality Group, part of Emaar Properties, has won a hotel management contract to run a resort near the Masai Mara in Kenya, Arabian Business reported.
The hotel will be operated under the five-star The Address Hotels + Resorts brand and will be the company’s second hotel management contract in Africa after The Address Marassi Golf Resort & Spa in Egypt, the company said.
The new Kenyan resort, to open next year, was developed by The African Dream Collection, and will be named Enkereri Mara by The Address Masai Mara, Emaar added.
Following the successful sale of its iconic The Address The BLVD in the Downtown Dubai, Emaar said it is considering new residential projects there.
All 542 units released for sale off-plan at the The Address The BVLD serviced residences were sold out on the first day, with customers queuing up to two days in advance to place an order at the Emaar Sales Centre in Downtown Dubai.
The Address The BLVD will have 200 hotel rooms and 542 serviced residences including studios, one, two, three and four-bedroom units.
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