Planet hospitality’s Dh1 billion projects
Planet Group has reached another milestone as it starts construction on a spectacular five star hotel and apartment complex situated in the Danat area of Abu Dhabi, with a total investment of Dh1 billion.
The new hotel will have 400 rooms and a convention centre along with a 400 unit, 23 floor apartment complex. The property is expected to be operational by 2010.
Under the vision of its chairman, George Moussa, the group operates and manages the award winning Arabian Courtyard Hotel & Spa, the unique Orient Guest House, the Galaxy Plaza Hotel and entertainment complex under its large portfolio of diverse companies. Since its launch, Planet has been an industry innovator, achieving many benchmarks.
Moussa said, “We are about to finalise our deal with an international hotel chain which will manage the upcoming property. Our new branded projects will go a long way in promoting best practices in the hospitality industry as we believe in offering guests a multitude of choices making their stay both enjoyable and memorable.
“The group’s strategy for 2008 focuses on looking for innovative ideas and improving existing services within the hospitality division, while maintaining an average annual growth rate of 35 per cent. The group sees the Middle East as a vital market. We wish to benefit from its strong potential and boost our presence further in this market.”
The project was launched last year to construct the five star hotel and serviced apartments at a total cost of Dh600 million. The total build-up area for the hotel was 27,26,00 square metres and for furnished apartments, 27,869,00 square metres. However, after an initial design review by AEC, the built-up area for the hotel was increased to 30,855,00 square metres and for furnished apartments to 33,943,00.