RSG International, UAE-based business group, signed a management agreement with Rotana for its second Dubai hotel project announced this year.
The agreement for the new hotel was signed between Nasser Al Nowais, Chairman of Rotana and Raj Sahni, Chairman of RSG International, at a ceremony held at Amwaj Rotana in Dubai. Also present were Jasjit Singh Jaaj, Group CEO of RSG International, and Omer Kaddouri, President and CEO of Rotana.
The four-star Dh600 million hotel, located on Sheikh Zayed Road, next to UAE Exchange Metro Station, is scheduled for opening before Dubai 2020.
Sahni said the project marks the group’s second collaboration with Rotana this year, following the launch of the Sabah Rotana hotel in Dubai in March 2017. “The new hotel gives a further boost to the company’s plans to augment its hospitality portfolio in the emirate ahead of Expo 2020,” said Sahni.
“This is just one of the many potential projects that we have lined up keeping the Expo 2020 in mind. With the accommodation and hotel room demand on the rise already, property development definitely has our focus at the moment. RSG is known for delivering its projects on or before schedule, and we will live up to our reputation.”
Sahni, also known as Abu Sabah, made news when he bought the most coveted number plate ‘D5’ for around US$9 million from Dubai’s Regional Transport Authority in October 2016.
Addressing a press conference, Al Nowais said Rotana has a robust development pipeline in Dubai, with a clutch of new hotels scheduled to open in the city before the end of 2020.
“Hospitality demand in Dubai is expected to peak around Expo 2020, and Rotana is moving fast to fill the city’s need for additional hotel room supply and meet the anticipated surge in demand. Rotana will open eight new hotels in Dubai by 2020, which will have a combined a managed investment of more than $850 million. The new properties will add 2,668 keys to Rotana’s existing inventory in Dubai, taking the total room count to 6,151, while expanding its portfolio in the emirate to 21 hotels,” said Al Nowais.
Jaaj said Dubai’s hospitality industry has experienced a huge surge in the past decade with travellers from all over the globe flocking the emirate, and it is only expected to grow exponentially.
“It is our endeavour to align our vision with that of the Ruler of Dubai. This agreement with Rotana is a great opportunity for us to expand our hospitality portfolio and it has definitely come at a great time for RSG,” said Jaaj.
He said the new hotel, rising up 40 floors, would also have a well-balanced mix of hotel rooms and hotel apartments. “In total, the new property will feature 180 spacious rooms and 10 luxuriously appointed executive suites in addition to 300 hotel apartments, including 40 studio apartments, 240 one bedroom apartments and 20 two bedroom apartments,” said Jaaj.
The new Rotana hotel on Sheikh Zayed road, rising up 40 floors, will also have a well-balanced mix of hotel rooms and hotel apartments. In total, the new property will feature 180 spacious rooms and 10 luxuriously appointed executive suites in addition to 300 hotel apartments, including 40 studio apartments, 240 one bedroom apartments and 20 two bedroom apartments.
Kaddouri said Dubai, which is preparing to host 25 million visitors for Expo 2020, is estimated to require an additional 45,000 hotel rooms to meet anticipated demand during the six-month-long exhibition. .
In addition to eight upcoming hotels in Dubai, Rotana will be opening five new hotels in Abu Dhabi in the next 3-4 years, bringing to 16 the total number of our properties in the capital, said Kaddouri.
RSG Group’s first hotel, Sabah Rotana, is also located on Sheikh Zayed Road. The 54-storey property has 533 rooms.
