MIDDLE Eastern hotel management company Rotana Hotels and Orascom for Hotels & Development have inked a new management contract for The Cove Rotana Resort & Spa, Ras Al Khaimah in the United Arab Emirates.
The Cove Rotana Resort & Spa, scheduled to open in late 2007, will be located on an idyllic water inlet on the Ras Al Khaimah beachfront overlooking the Arabian Gulf . Surrounded by rugged mountains, scenic hot springs and dunes, the resort will comprise 175 rooms, a private 600m stretch of beach, a variety of food and beverage outlets with MICE facilites in addition to a fully equipped spa.
Samih Sawiris, chairman of the Board and CEO of Orascom Hotels & Development, says: "Our aim is to plan and build world-class destinations and hotels around the globe following the same lines of our projects such as El Gouna, Tala Bay and Taba Heights Projects. Ras Al Khaimah is another such destination.”
Adds Nasser Al Nowais, chairman of Rotana Hotels, “The essence of Rotana Hotels is the diversity in our products and genuine Arabic hospitality. For us to manage this newest five-star resort will complete Rotana's portfolio in the UAE.”
According to Selim El Zyr, president and CEO of Rotana Hotels, property owners will have the option to lease back their chalets or villas for a guaranteed seven per cent annual return for up to three years.