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FINANCIAL NEWS
Rotana to launch 7 new hotels in ME in 2012
05 Jan 2012
(MENAFN) Rotana Hotels and Resorts said that it would invest USD750 million in 2012 to launch 7 new hotels in the Middle East, reported Gulf News.
The Abu Dhabi-based company added that in order to support its growth goals, Rotana would hire more than 3,000 new employees, moreover, the plan would make the firm manage nearly 14,000 rooms across its properties by the end of 2012.
It also said that this year, it would launch its first properties in Bahrain and
Jordan, and its second hotel in Qatar; furthermore, it would expand its portfolio in the UAE with 4 more hotels, on the other hand, occupancy rates in 2012 would be forecasted to grow 6 percent across its hotels in the region from last year.
It is worth noting that Rotana has 43 hotels and resorts in 14 countries, and in the next coming years, the company plans to raise the number to 70 properties.
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