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FINANCIAL NEWS
IHG plans new hotel opening in Dubai in 2013
10 Sep 2012
(MENAFN) InterContinental Hotels Group Plc (IHG), the world’s largest provider of hotel rooms, has agreed with Dubai-based developer Select Group to open a new hotel property at Dubai Marina, Bloomberg reported.
The InterContinental hotel, scheduled to open by the end of next year, will comprise of 132 rooms and 196 residential suites as well as spa, club, restaurants and bars, IHG said.
This will be the third InterContinental property in the UAE after InterContinental Abu Dhabi and InterContinental Dubai Festival City, IHG added.
IHG has 170 InterContinental Hotels & Resorts in more than 60 countries, and has 58 hotels yet to come online.
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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