KEMPINSKI has firmed up an entry into Beirut, following a recent agreement between the hotel chain and the Lebanese United Real Estate company, owned by the United Real Estate Company and Horizon for Real Estate Development.
The new property in the Raouche area is estimated to cost $100 million and comprises 270 rooms. It will be built on a plot covering around 5,000 square meters and is estimated to be completed in two to three years’ time.
Kempinski Hotels, a German company headquartered in Switzerland, has also agreed to manage IFA Hotels and Resorts’ Al Abdaliyah Hills in Dhour Abdaliyah, located between Bhamdoun and Aley.
Kempinski is the oldest luxury hotel collection in Europe and currently operates 15 resorts spread across Europe, the Middle East, Africa and Asia.