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Mon 9 Apr 2012 12:28 PM

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Four Seasons to announce first Dubai property

Would be luxury hotelier’s second attempt after initial plans stalled in 2009

Four Seasons to announce first Dubai property
The Canada-based hotelier did not give any further details of its plans in Dubai.

Four Seasons Hotels and Resorts,
the luxury hotelier in which Saudi Arabia’s Prince Alwaleed Bin Talal’s Kingdom
Holding Company owns a 47.5 percent stake in, is set to announce its first
property in Dubai, the company has confirmed.

"Four Seasons Hotels and
Resorts can confirm that we are close to making an announcement on a project in
Dubai. Once all details are in place, we will be happy to discuss this exciting
development which will be a great addition to the portfolio,” a spokesperson
said in a statement on Monday.

The Canada-based hotelier did not
give any further details of its plans in Dubai, but the property is part of
wider expansion in the region.

“Four Seasons already operates
nine hotels in the Middle East and has several others in the pipeline, including
in Abu Dhabi, Jeddah, Bahrain, Kuwait and a second property in Doha. Four
Seasons looks forward to our announcement of Dubai, a major hub for leisure and
business travellers from all over the world," the statement added.

Last month, executive vice president
of worldwide development Scott Woroch confirmed construction had started on a
property in Dubai.

“We’re very actively engaged on a
project in Dubai. We’ve got a great site,” Woroch said in comments published by
Construction Week.

“It’s something we’re very
excited about. It’s going to position the brand in very good location, with a
great partner,” he added.

The Toronto-based hotel firm has
been looking for a suitable location in Dubai since construction of a Four
Seasons hotel in Festival City was called off by developer Al-Futtaim Group
Real Estate in June 2009 - at the height of the global economic downturn -
according to Woroch.

“Dubai is one of the most
important markets in the Middle East, it’s a large in-point for a lot of
travellers into the region and from an international perspective it really is
the most established [Middle East] destination from North America, Europe and
Asia,” he said.

“Dubai has been very successful
in being both a business and a leisure destination and that’s one of the
reasons the market has been so successful.”

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