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FINANCIAL NEWS
HMH scraps 3 hotel projects in Dubai
18 Feb 2010
(MENAFN) Hospitality Management Holdings (HMH) said in a statement that it has decided to cancel three of its Dubai hotel projects, but declined to give reasons for the decision, Hotelier Middle East reported.
According to statement, the Corp Business Bay, Coral International Deira and Coral Boutique Bur Dubai are no longer going ahead.
The Dubai-based company also confirmed that two other hotels in its upcoming property pipeline were on hold; Ecos Dubailand and Ecos Fujairah, the website reported.
There are also delays at two other UAE hotels; Coral International Abu Dhabi and Coral Al Mjaz Tower Sharjah. HMH confirmed the cancellations and delays but declined to comment on the reasons.
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