Flora plans $204m dry hotels expansion in Dubai

  • Share via facebook
  • Tweet this
  • Bookmark and Share
One of the hotels in Flora Hospitality's portfolio.

One of the hotels in Flora Hospitality's portfolio.

Flora Hospitality, the non alcoholic hospitality brand in the UAE and India, has unveiled plans to open four new properties in Dubai between 2014-2016.

The company currently operates seven hotels and hotel apartments in the UAE but is embarking on a AED750m expansion plan.

Flora Hospitality said in a statement that it has selected locations in Dubai for its new hotel projects and expects to be able to offer a portfolio in Dubai of at least 11 hotels by 2016, increasing its total inventory from 780 rooms to more than 1,700.

The expansion plan includes a AED400m investment on a luxury property project in Dubai Downtown.

Construction will begin this month and the hotel is expected to be completed in the last quarter of 2016.

Two other four-star properties of 186 and 272 rooms will are planned in Al Barsha, close to the Mall of the Emirates, and in Al Garhoud and are expected to open by end of 2016, the company said in the statement.

VA Hassan, chairman & CEO of Flora Hospitality, said: "Dubai's hospitality sector has been recording a strong growth rate and promises continued expansion thanks to the decision to award the city the right to host the Expo 2020.

"With our properties reaching above-market average occupancy rates of 87 percent, it is our aim to aggressively expand our portfolio over the next three years."

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is Dubai ready for 20,000 more hotel rooms?

Is Dubai ready for 20,000 more hotel rooms?

Can the city cope with the additional supply predicted by Dubai...

Oman, the hidden treasure

Oman, the hidden treasure

Relatively few have experienced the wonders of Oman but multiple...

Review: Corinthia Hotel, London

Review: Corinthia Hotel, London

The legendary property off Trafalgar Square has launched a new...

Most Discussed
  • 17
    Nakheel PR: The toughest job in Dubai?

    You forgot to mention the sewage pit between JLT and Jumeirah Park and the terrible landscaping in Jumeirah Park The chain link fencing they want to install... more

    Monday, 30 March 2015 9:05 AM - An Emaar Fan
  • 12
    Dubai Int'l T1 is too congested, says Indian airline boss

    Yes, T1 is overflowing, but Air India need to maintain its timing which is a big question mark most of the time. Plus quality of service, please have some... more

    Monday, 30 March 2015 4:13 PM - Shareen
  • 9
    Post traumatic stress?

    I once had a Emirates Post employee hang up on me when I asked her to repeat something. That said, the worst is my management company, Kingfield Management... more

    Sunday, 29 March 2015 6:07 PM - Sarah