By Staff writer
Formerly the Warwick Hotel, Carlton Downtown hotel is the third hotel to be operated by The First Investor’s brand Carlton Hotel Management
Dubai-based First Investor group, a subsidiary of Qatar conglomerate Al Fardan Group, has bought the Carlton Downtown hotel on Sheikh Zayed Road.
Formerly the Warwick Hotel, it is the third hotel to be operated by The First Investor’s brand Carlton Hotel Management, and the ninth in the group’s collection of hotels.
The 47-storey tower features 357 rooms (275 suites and 82 spacious rooms), and includes seven restaurants and bars, ten meeting rooms, a health club and spa.
Carlton Downtown hotel is also home to Dubai’s highest open-air rooftop pool and bar with spectacular 360-degree views over the city.
“The Carlton Downtown hotel is an exciting addition to our portfolio of hotels as we continue to expand our presence in the region,” said Hosni Abdelhadi, CEO of Carlton Hotel Management company.
“Our strategy is to invest in high-growth markets such as Dubai and this fantastic acquisition will reinforce our market position. We are confident that the Carlton Downtown hotel will prove to be a valuable asset for us and will generate superb financial returns for the company.”
With a strong presence in real estate, hospitality, shipping, finance, retail, security, IT, food and beverage industries, The First Investor has a diverse portfolio.
In recent years, the company has emerged as a major player in the hospitality sector with a total investment of over $600 million (AED 2.2 billion) in various hotel projects.
Hotels owned by the company include Carlton Palace Hotel, Dubai, Carlton Tower Hotel, Dubai, Marriott Executive Apartments, Dubai, Villa Rotana, Dubai, Four Points by Sheraton, Dubai, Imperial Palace, Jordan and Sun Hotel, Czech Republic and Belvedere Hotel, Czech Republic.