Emaar Hospitality says CEO set to leave company

Subsidiary of Dubai-based real estate giant says COO Patrick Heuze will take over in role
Emaar Hospitality says CEO set to leave company
By Andy Sambidge
Mon 27 Jun 2011 08:53 PM

Emaar Hospitality Group, the wholly owned subsidiary of Dubai-based real estate developer Emaar Properties, has said its CEO Marc Dardenne is leaving the company.

In a statement published by Hotelier MiddleEast, the company said Patrick Heuze, the current chief operating officer “will take over as chief executive officer”.

No details were given as to the reason for Dardenne’s departure.

With total assets valued at $1bn, Emaar Hospitality owns and manages a diversified portfolio of hospitality assets such as hotels, serviced residences, golf resorts, Dubai Polo and Equestrian Club, recreation clubs, the Dubai Marina and associated yacht club.

In May, Dardenne said the hotel company, which collaborated with Armani in the launch of the Armani Hotel Dubai, was targeting countries closer to home for growth initially such as the rest of the GCC and India.

But he added that the company would also be setting up sales offices in China and looking at Brazil and Africa as source markets in the future.

Earlier this year, Darbenne said Emaar Hospitality will open hotels in the south of France and Marrakesh, Morocco in 2013.

It’s also planning hotel-openings in Bali, Budapest and Istanbul the following year.

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