We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 21 Aug 2014 12:07 PM

Font Size

- Aa +

Staywell Hospitality looks to grow its Middle East presence

Plans to have 1,000 rooms in next 18 months.

Staywell Hospitality looks to grow its Middle East presence
Simon Wan, CEO of StayWell Hospitality Group

Staywell Group is close to signing a strategic partnership with a hotel group in the Middle East, which it hopes will spearhead its growth plans to operate 15 hotels in the region.

The Sydney-based hotel group, which has a 34 properties around the world, hosted its global gathering the Park Regis Kris Kin Hotel in Bur Dubai, which is currently its only property in the region.

Speaking to Arabian Business, Simon Wan, CEO of StayWell Hospitality Group, said there are significant plans to growth the group’s portfolio the near future.

“We’ve only got one (hotel) – but we are in the process of negotiating with partner of an existing hotel group, which has got seven hotels in this region,” said Wan.

“They have two in Abu Dhabi, they have (hotels in) Turkey, Lebanon, Iraq, and Saudi Arabia.”

He said the group is also building two hotels in Dubai, in Business Bay and the Marina area, which it hopes will be open in the next two 18 months.

“In addition to forming a partnership with them, we have also recently set up a development division to go and grow the business,” said Wan.

He said the group’s strategy is a combination of partnering with existing hotel groups and engaging in new-builds.

“In the Middle East, our expansion strategy is that we form a partnership with somebody who has already got a reasonable platform, plus what we have got and what we are negotiating.

“In Dubai we are finalising two new hotels – one in Business Bay, one in the Marina area. “Altogether, there will be about 620 rooms, plus what we’ve got here, (Park Regis Kris Krin) about 400 rooms, so we could have 1,000 rooms in Dubai hopefully over the next 18 months.

“Plus, with the platform that we’re forming a partner with, we hope that in the Middle East we’re going to have about 15 in the next two years, with the UAE having about five or six.”

Wan also unveiled plans to grow its business in the African market through its Mantis Collection Hotels joint venture.

Arabian Business: why we're going behind a paywall

For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.