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Thu 22 Sep 2011 11:01 AM

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UAE's Rotana sees Q2 launch for delayed hotels

Trio of Abu Dhabi properties on track after construction delays, says CEO El Zyr

UAE's Rotana sees Q2 launch for delayed hotels
Rotana said in December it would launch seven properties in 2011, at a value of $800m

Rotana, the Abu Dhabi hotelier, will open three hotels in
the UAE capital between April and July 2012 after construction delays pushed
back the properties’ launch, the company’s CEO said.

The trio of hotels were scheduled to open at Abu Dhabi's US
$2.3bn Capital Centre development this year but have seen “natural”
construction hold-ups, said Selim El Zyr.

Arabian Business reported in August the launches had been
postponed, after the architect overseeing the properties said the hotels were
now scheduled to open between January and May.

News of projects’ holdup was first revealed by the architect
overseeing the projects last month,

“Two of them are set for April, one in July,” El Zyr said on
the sidelines of the CEO Middle East Awards in Dubai. “Construction delays are
natural, a few months delay is anticipated in the business. No projects finish
on time, this is one of the problems.”

The four-star, 300-room Capital Centre Rotana, previously
slated for completion in July, will now open its doors in April, along with the
Centro Capital Centre Rotana, he said.

The hotelier’s third property, the Capital Centre Arjaan by
Rotana, will complete in July.

Privately-held Rotana said in December it would launch seven
properties in 2011 representing an investment of $800m and making it the UAE’s
largest single hotel player with 33 hotels under management.

El Zyr said the company also plans to open 25 mid-market
hotels across the Middle East by 2015, in a bid to tap into a growing demand
for high-quality but modestly-priced rooms.

The expansion, which is forecast to create 3,000 jobs, will help
the company to meet tightened visa schemes that call for firms to employ higher
numbers of Gulf nationals, he said.

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