Roads lead to the headquarters of Aldar Properties PJSC, Abu Dhabi's biggest real estate company, in Abu Dhabi, United Arab Emirates, on Tuesday, March 27, 2012. Property values and rents slumped in the United Arab Emirates after banks curtailed lending and speculators left the market during the global recession. (Bloomberg)
A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC.