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FINANCIAL NEWS
Dubai’s Time Hotels secures 6 contracts in UAE
01 Mar 2012
(MENAFN) Time Hotels Management’s area vice president, Mohammad Awadalla, said that the company was able to secure 6 management deals for hotel properties in the UAE, reported Gulf News.
Awadalla added that the new hospitality firm inked contracts for 2 hotels; Time Oak Hotel and Suites in Al Barsha, and Time Grand Plaza Hotel in Al Qusais, in addition to 4 hotel apartments; the Opal, Topaz and Crystal Hotel Apartments in Dubai, and the Ruby Hotel Apartments in Sharjah.
He also said that the company would be looking to enhance efficiency and lift up quality standards wherever possible, putting guests first.
It is worth noting that the Dubai-based firm is owned by Gulf General Investment Company (GGICO), a public shareholding company and Investment Group Private Ltd (IGPL), and estimates a turnover of around USD27 million during the current financial year.
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