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FINANCIAL NEWS
Staywell Hospitality launches its first ME hotel
08 Dec 2010
(MENAFN) Staywell Hospitality Group’s Chief Executive Officer, Simon Wan, announced that the group has opened its first property in the Middle East, the Park Regis Kris Kin Hotel Dubai, signaling the beginning of the Staywell’s global expansion plans, Arabian Business reported.
According to Wan, the hotel which opened last week is the first in a series of hotels planned for the Middle East; with Qatar, Bahrain and Abu Dhabi cited as possible locations for upcoming properties.
Moreover, Staywell has recently formed a joint venture with a Chinese company which has 38 hotels in China, resulting in increasing the group’s current stake in the global market, from 24 hotels to 62.
Also, Staywell Hospitality recently launched a hotel in Singapore, it�s first outside of Australia and New Zealand, and has a hotel scheduled to open in Kuala Lumpur in March 2011, revealed Wan.
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