Dubai Investments Park (DIP) has invested more than Dh1 billion ($0.277 billion) in the hospitality sector.
In addition to a recently launched 165-room luxury hotel, DIP will offer more than 1,500 new rooms and a wide range of amenities when eight new hotels open at the self-sustaining business, residential and leisure community in the near future.
“DIP offers the best package for business and leisure travelers with its broad selection of hotels. With choices ranging from luxury suites to high-quality budget rooms, DIP will be able to accommodate all the requirements of our value-conscious clients,” said general manager, DIP, Omar Al Mesmar.
DIP is home to the Courtyard Marriott, the first courtyard-themed hotel in the UAE.
By the end of 2007, DIP will also welcome the Premier Travel Inn, a 300-room joint venture by Emirates Group and UK-based Whitbread Plc that targets the budget hotel sector.
In related news, Landmark Real Estate Investment signed an agreement with Millennium and Copthorne Hotels to operate their new three-star hotel in Dubai Investment Park, according to a statement. The property will be operated under the mid-level Kingsgate Hotels and Resorts brand.
The Dh100-million ($27-2-million) project will boast 200 hotel rooms and 50 suites complemented by conference facilities, four food and beverage outlets including two themed restaurants as well as lounge and pool bars. The preliminary design works have been agreed and the hotel is anticipated to open in the first quarter of 2009.