Damac Properties signs agreement with Radisson Hotel Group to develop new hotel in Dubai
The first Radisson-branded property worldwide to be located on a golf course
The Radisson Hotel, Dubai Damac Hills, will be the world’s first golf course hotel, located as it will be on the Trump International Golf Club Dubai at Damac Hills
Damac Properties has announced that it has signed an agreement with Radisson Hotel Group (RHG) to develop and launch the Radisson Hotel, Dubai Damac Hills, and that this hotel is the first Radisson-branded property worldwide to be located on a golf course – the Trump International Golf Club Dubai at Damac Hills.
As of right now, current plans call for this hotel property to have a total of 481 keys, and for it to be comprised of one and two-bedroom units. This project also stands to offer investors an opportunity to purchase units that will be operated by the Radisson Hotel Group, for which they will then receive returns of up to six percent, which will be guaranteed for the first three years on their property investment, according to information made available via a statement.
More Info About the Dubai Damac Hills Property
The hotel is already under construction as we speak, and it has been tagged with an opening date of sometime within the fourth quarter of 2019.
Elie Younes, executive vice president and chief development officer at Radisson Hotel Group, had this to say about the property: “Dubai continues to be remarkable in its never-ending evolution. We’re further delighted to introduce our new upscale Radisson brand that delivers its own Scandinavian-inspired hospitality to the region.”
Damac chairman, Hussain Sajwani, had this to add to his counterpart’s comments: “Our partnership with Radisson Hotel Group for this unique hospitality product will cater to the ever-growing number of tourists and business travelers who visit the emirate, while making sure hotel guests receive the world-class experience that’s synonymous with the Radisson name.”
More About Radisson Hotel Group
For those who are relatively unfamiliar, Radisson Hotel Group’s portfolio currently features 81 hotels with more than 20,000 rooms in operation and under development across the Middle East region.
In total, Radisson stands as one of the larger hotel groups in the world, with a growing portfolio of more than 1,400 hotels that are currently open or under contracted development. The company also has footprint in more than 114 countries.
Recently, news broke that Jin Jiang would be purchasing the Radisson Hotel Group from HNA group for an estimated $2 billion. HNA had been reported for some time to have been looking to sell of assets in order to reduce the amount of debt it was carrying, and this deal certainly presented an opportunity for the company to do that.
çLet’s take a look at some other Radisson hotels currently underway:
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