PROPERTY company Pan Gulf Investments Real Estate ventures into the hotel business by launching Pan Gulf Hotel Suites, a luxury hotel apartment located in Sharjah.
Shajah’s hotel industry currently benefits from Dubai’s growth due to the proximity to the latter. The emirate is also known in the region for its museums, art galleries and restored heritage sites because it offers an Arabian and Islamic culture, making it an attractive destination to GCC nationals.
Pan Gulf Investments Real Estate is scheduled to open two more hotels in Dubai and Sharjah, respectively, before the year ends with total investment amounting to Dh10 million.
Says Pan Gulf Hotel Suites finance director Jagdish Janey, “Our parent company Pan Gulf Investments Real Estate has successfully managed various leasing and construction projects over the past 20 years. Having worked closely with the hospitality sector, they are fully aware that hotel operation is a very lucrative business. Since there is quite a shortage in quality hotels here in Sharjah, they decided to invest here initially, with the GCC nationals as main target market.”
With 50 fully furnished apartments, a choice of one or two bedroom apartments, Pan Gulf Hotel Suites is strategically located in the heart of Sharjah, near the main tourist attractions and shopping areas. The 10-storey building is also within 12 minutes from Dubai Airport and can be reached in 15 minutes from Sharjah Airport.
He adds, “Sharjah has recently launched a global marketing campaign to attract more tourists, which would definitely result to an increase in demand for the hospitality sector. We are also projecting a hotel boom in Sharjah in the next few years because of the influx of tourists who will find our rates more competitive as compared to Dubai’s.”
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