AVANI Hotels & Resorts on Monday announced the signing of its third property in Dubai.
AVANI Hotel Suites & Branded Residences is currently being developed by Al Fahim, and is scheduled to open in 2020, the company said in a statement.
It added that the 48-storey new-build property will be the third AVANI in Dubai and will represent the launch of AVANI residences in the region.
The new AVANI Hotel Suites & Branded Residences will total 527 keys, comprising 263 AVANI residences and 264 AVANI serviced apartments.
The residences, which will be marketed to investors as a sale and lease-back product, will be a mix of one, two, three and four bedrooms.
“When it opens in 2020, the impressive AVANI Hotel Suites & Branded Residences will be our third property in Dubai, signalling the brand’s steady growth in the region as well as around the world,” said Alejandro Bernabe, vice president AVANI Hotels & Resorts.
Launched by Minor Hotels in 2011, AVANI Hotels & Resorts currently has 23 properties in operation in Thailand, Sri Lanka, Vietnam, Malaysia, the Seychelles, Mozambique, Botswana, Lesotho, Namibia, Zambia, the UAE, Portugal, with the brand launching most recently in Australia, New Zealand and Laos.
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