Rotana is set to open four new properties in Abu Dhabi by 2020, with a total investment valued at US$300 million, president and CEO Omer Kaddouri said, according to a report from Gulf News.
Two hotels are expected to open this year: the 315-room Pearl Rotana in the third quarter, and 354-room Saadiyat Rotana Resort & Villas for the fourth quarter.These openings will be followed by the opening of the 326-room Beach Arjaan by Rotana in the third quarter of 2018 and 376-room Marina Mall Arjaan by Rotana by 2020.
“Upon completion, the new hotels will add 1,371 keys to Rotana’s existing inventory in Abu Dhabi and take our total number of hotels in the capital to 16. The projects represent a combined value of $300 million,” said Omer Kaddouri through email, according to the report.
The news report cited the Abu Dhabi-based company's CEO as saying that he expects Abu Dhabi's hotel industry to continue growing at a moderate pace, with occupancies remaining steady and the mid-scale and hotel apartments sectors experiencing particularly "high demand", driven by UAE nationals visiting the capital, as well as strong tourist arrivals from China, India, the UK and Saudi Arabia. Kaddouri also added that the Rotana group achieved solid occupancy figures in 2016 by tapping into new markets in Eastern Europe and Asia, as well as Russia, and capitalising on the surge of intra-regional travel within the GCC, the report said.