16 Feb 2012
(MENAFN) Dubai-based Jebel Ali International Hotels (JAIH) bought beach property in Dubai Marina’s Jumeirah Beach Residence (JBR) from Abu Dhabi-based Das Holdings, Arabian Business reported.
The 341-room hotel purchase deal is worth over a USD100 million, and is expected to open in October 2012.
JAIH, which manages a portfolio of hotels including Jebel Ali Golf Resort and Spa, Hatta Fort Hotel and Oasis Beach Tower, also in JBR.
Regional general manager David Thomson said the hotel was complete but that JAIH would be investing more than USD20 million in architectural upgrades and fit-out.
Thomson expected average occupancies of around 80 percent yearly in the four star hotel, yet to be named.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more