Company: Ramee Group
Vardaraj Shetty has built one of the region’s largest home-grown chains, the Ramee Group of Hotels, Resorts and Apartments, with over 30 properties across the UAE, Bahrain, Oman and India; in addition to a shopping mall in Chennai.
Last year he acquired 100 percent of Bahrain’s Ramee Grand Hotel and Spa, where he previously owned 40 percent. He also built the $18m Juffair Views apartments in the island kingdom.
The group will open a $95.2m Ramee Grand Hotel and Spa in Dubai’s Business Bay by 2019, and add three more hotels in Oman, as well as eight in India. Ramee Group also revealed it is looking at Iran for possible hotels.