Sunday, May 20, 2007

Rosewood forays into the UAE hospitality sector

Rosewood Hotels, the luxury hotel chain, is making its entry into the UAE hospitality sector with a hotel in the Dubai International financial Center, which will be ready by the end of 2009.

Rosewood Dubai, formed under partnership with JMJ Hospitality and Daman Investments, will comprise 200 rooms, apart from 55 managed residential properties, which are likely to be open for sale by end of the year. Both Daman and JMJ are the investors in the hotel, which will be managed by Rosewood. JMJ, being a US-based developer, this is also the first project launched by a US-based developer in Dubai.

The Rosewood CEO and President, Scott III, mentioned that this site was found to be the most attractive due to its location within the financial center, as with the mounting Dubai traffic, executives would rather prefer to stay away from the beach for their business projects.

The Managing Director and President of JMJ, Chris Knable mentioned that this project is the beginning of marking their presence in the region, and that they plan to expand further to other regions too.

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