SULTAN Ahmed Bin Sulayem, executive chairman, Nakheel, has announced the formation of Nakheel Hotel & Resorts, a new hotel and resort investment company that will acquire and develop a dynamic portfolio of properties in the Middle East, Africa, Asia, Russia and the CIS.
The company’s initial portfolio of projects will include The Trump Hotel & Tower Palm Jumeirah (800 unit condo-hotel development), a 150-room boutique hotel and spa with 100 private villas and beach condos on The World, a 400 room hotel and resort in Djibouti, and a 200-room hotel with 200 luxury serviced residences on The Palm Jumeirah. Other projects under development include properties in Morocco, Oman, Africa, India, Asia and CIS.
Nakheel Hotel & Resorts will focus on building a portfolio of leading hotel and resort properties and strengthening Nakheel’s regional and international alliances in the hotel, resort, hospitality and tourism sectors through acquisitions. The company will seek to maximise growth and profitability in its investments by capitalizing on and leveraging the brand value of the group’s existing assets and projects.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.