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FINANCIAL NEWS
First Waldorf Astoria resort to open Dubai
18 Oct 2011
(MENAFN) Al Habtoor Group signed a deal with hospitality chain Hilton Worldwide to open the first Waldorf Astoria hotel in Dubai’s Palm, Arabian Business reported.
The launch will break the state-backed monopoly Atlantis which, until recently, had benefited from being the Palm’s sole hotel since its opening three years ago.
The planned USD272 million resort was halted in the wake of the financial crisis that hit Dubai’s real estate market.
The Dubai-based conglomerate Al Habtoor said last month it would restart construction work on the hotel. The property would be managed under Hilton’s Waldorf Astoria brand, it said recently.
Hilton Worldwide has signed 18 new hotels in the Middle East and Africa this year, taking its total number of hotels in the development pipeline in the region to 40.
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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