Another impressive hotel lined up for Dubai Marina

09/05/2013 - Dubai Property News Posted by Bob Brunskill
Another impressive hotel lined up for Dubai Marina

Yet another impressive hotel is being built in the immensely popular Dubai Marina.A number of recent studies have shown the largest man-made marina on earth is a firm favourite among property investors and some of the world's leading hotel chains have erected towering buildings in the exclusive area.The latest firm to do so is the Wyndham Hotel Group, which has outlined plans for an attractive 33-storey building that will cover nearly 6,800 sq ft. The complex will feature 497 guest rooms, 251 luxurious suites and almost 2,500 square feet of spa and leisure facilities.Wyndham has struck a deal with Sigma III Limited - a subsidiary of The First Group - to manage the hotel and it is expected to open within the next three years.Although the organisation has an incredible 7,380 hotels around the world, this will be its first foray into the lucrative UAE market and president and chief executive officer of the company Eric Danziger is excited about the venture."We're very excited to be bringing our namesake Wyndham Hotels and Resorts brand to Dubai, following its successful introduction to the region through the spectacular Wyndham Grand Regency Doha," he remarked."I have no doubt that Wyndham Dubai Marina will be another superb addition to the brand, which we are already growing in key cities throughout the Middle East."Wyndham is also set to launch two other Gulf-based hotels - the Wyndham Grand Manama and Wyndham Grand Riyadh - which should both be ready by the end of next summer.It is certainly a good time for investors to be exploring the Middle East's hospitality sector, as the number of people visiting destinations in this part of the world continues to rise sharply.Dubai is a particularly lucrative market, with TRI Hospitality Consulting recently reporting that hotel occupancy rates in the city reached 89.8 per cent in March 2013. This was a 2.3 per cent upturn on the corresponding month in 2012 and is a clear indication that the sector is heading in the right direction.The First Group can help you find properties for sale in Dubai