Al Waleed Investment Group has opened its new Lemon Tree Dubai Hotel on Al Wasl Road in Jumeirah, close to the prominent landmarks of Dubai, such as Burj Al Arab and Burj Khalifa, and close to the charming beachfront. The hotel, which is the first in the UAE’s local hospitality market, is managed by Lemon Tree International.
The 114-room Lemon Tree Hotel Dubai includes a fully furnished specialty restaurant serving different oriental and western cuisines, an outdoor lounge, conference hall, swimming pool, a wellness centre, and other facilities within the 3-star mid-range with an investment value of up to AED 100 million.
Mohammed Abdul Razzaq Al Mutawa, CEO of Al Waleed Investment Group, said: “The local market in Dubai in various economic sectors is particularly engaging and has continued to gain interest from international companies that aspire to win the best investment opportunities in light of the growing demand for the local environment. Its appeal includes security, safety, better returns, and a competitive global position.”
Rattan Kiswani, Deputy General Manager of Lemon Tree Hotels & Resorts, said, “We are delighted to enter the hospitality market in Dubai, with the management of the first distinctive hotel facilities in the emirate. Lemon Tree Dubai, a subsidiary of Al Waleed Investment Group, provides an exceptional experience in raising our ambitions for further activity and expansion in the UAE hospitality market.”
Last year, Dubai-based Alwaleed Investment Group signed a contract to manage its Lemon Tree Hotel Dubai with Lemon Tree International, India’s largest mid-priced hotel and the third-largest interest-based chain, in the sector of owned and rented rooms, on the 30th of June 2017, according to the report “Horwath.”
