Wednesday, April 25, 2007

Two new hotels to be launched by Reef

The Dubal based investment company, Reef Real Estate, is expected to launch two new hotels this year, as part of its two mixed-used developments in Dubai. The hotels will be operated by Corp Executive Hotels.

Reef already launched a Dh.120million four-star Corp Hotel in Barsha area of Dubai with ninety rooms, which was inaugurated recently. Another Corp hotel has been recently launched at Business Bay, which is also a part of Dh.350million commercial shopping complex.

Construction of the hotels is likely to commence during October this year, and the entire Offices Tower project and Corp Executive Hotel project is expected to be completed by next August.As said by Reef Managing Director, Shaikh Ahmad Mohammad Al Nahyan, the two new hotels will be constructed at Dubai Waterfront and Jumeirah South Village.

Corp, being a joint-venture between Coral International Resorts, Hotels, Spas and Reef, will operate as alcohol-free hotels.

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