Starwood closes Ras Al Khaimah deal, Hotel to open by 2019
Starwood Hotels & Resorts Worldwide has announced the signing of Four Points by Sheraton Ras Al Khaimah with Hamarain Real Estate.
The hotel is scheduled to open in the first quarter of the year 2019, the hotel will be Starwood’s first property in Ras Al Khaimah and the fourth Four Points by Sheraton in the UAE, the hotel giant said in a statement.
“We look forward to working together with Hamarain Real Estate to introduce our first property in Ras Al Khaimah,” said Neil George, senior vice president, Acquisitions & Development, Starwood Hotels & Resorts, Africa and Middle East.
“This deal is in line with the strong demand for affordable yet modern accommodation in the UAE and also underlines Ras Al Khaimah’s plan to enhance the destination and diversify its hotel portfolio.”
The new Four Points will be offering an accommodation within the scales of 300 rooms and serviced apartments and four food and beverage outlets. The hotel will be a part of a mixed-use development featuring offices, residences and a shopping mall.
Starwood said it plans to more than double the brand’s portfolio in the Middle East with eight new hotels scheduled to open in the coming five years.
Starwood operates 53 hotels and resorts across the Middle East under eight of the company’s ten lifestyle brands. With a pipeline of over 40 hotels, the company said it is on target to operate 100 hotels in the Middle East by 2020.
The UAE remains Starwood’s largest market with 25 operational hotels and 17 properties in the pipeline.