Rotana announces plans to create 25 new mid-market properties in the Middle East

29/06/2011 - Dubai Investment News Posted by Neil King
Rotana announces plans to create 25 new mid-market properties in the Middle East

People looking at Dubai property for sale could be interested to hear that Rotana is investing more money in the United Arab Emirates with new hotels. The company has announced that it will be unveiling 25 new mid-market properties in the next four years, creating around 3,000 new jobs in the process. It has already opened its 28th property in the UAE with Sharjah Centro and the company now manages 70 hotels in the area. Speaking to Arabian Business about the move, chief executive officer and president Selim El Zyr said that there "has not been enough supply" of mid-market hotels in the region. "In the UK you have got thousands of budget hotels, but in the Middle East, the only option for travellers has been four or five-star hotels which a lot of people can't afford, or three-star hotels that are individually operated and mostly run down," he told the news provider. Rotana said in April it would be creating seven new hotels in the Middle East this year.