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FINANCIAL NEWS
Dubai’s Jumeirah to open 10 hotels by 2011-end
29 Apr 2010
(MENAFN) Jumeirah Group, a unit of Dubai Holding, said in a statement that it is planning to open ten hotels in the next 18 months, and launch a new hotel brand, after strong results in the first quarter, Gulf News reported.
The luxury hotel management group said it expected to open the new hotels in locations including Frankfurt, Kuwait, the Maldives, the United Arab Emirates (UAE) and Shanghai.
Jumeirah?s parent company Dubai Holding, the investment conglomerate owned by the emirate?s ruler, is considering restructuring up to $20bn in debt, according to the Financial Times.
In Dubai, the hotelier?s beachfront properties had an occupancy rate of 92.5 percent in April and an average of 89 percent in February and March, it said.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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