The total Gulf Hotels Group investments during the current year BD 50 million, according to the pro explained Farouk Group Chairman, including the building next to the hotel in Dubai Burj Khalifa end of the year
Pro on the sidelines of the General Assembly meeting of the Gulf Hotels Group announced that the Group succeeded in achieving a net profit of 11,277 million dinars for 2014, an increase of 7.24 percent, which is equivalent to 816,428 million, surpassing the expected profits for 2014
The pro: "currently looking for land again in Dubai area for investment, but the high price of land." He pointed out that the Gulf Hotel Group under its plan towards regional expansion has purchased a plot of land in the Business Bay area of Dubai Creek and just 1.5 km from the Burj Khalifa and Dubai Mall to build its first hotel five-star in the region, and is currently developing plans and designs to build the hotel, which will contain 230 rooms designed state of the art and will begin work by the end of 2015 and is expected to open by the end of 2017
He stressed the group negotiation in the current period with two hotels 4 star in Bahrain managed. He also added that the work of the development of "Gulf waves Residence" project may nearing completion scheduled in the second half of 2015
On the one hand the development of the Group's business expansion in the area of restaurants, the administration has recently purchased «Block 338» tourist region in justice and is currently planning to develop a multi-storey building contains several restaurants and is expected to start construction in the second half of 2015
Announced the CEO and board member of a group of Gulf Aqeel Hotels Chairman, for the renovation of First Hall through next summer, and began work on the establishment of a new hall in front of Al-Andalus hall is expected to be ready for customers in mid-2015
And ended the Gulf Hotel Group renovation works of the southern tower is still ongoing work to renovate the building luxury suites Gulf and expected to be completed by mid-2015
Post a Comment