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Posted: Friday, May 09 2008. 10:56

Dubai Real Estate Co to enter Hotels

Continuing the latest trend of real estate companies entering the booming hotel business, the Dubai based Sobha Group has announced that it plans to enter the hotel business in India with six hotels.

The Group has plans to develop at least 6 five-star properties in the next five years. Operating under the banner of Sobha Hotels, it will benchmark against the best resort properties and luxury hotels in the region, according to Ajay Rajendran, Vice Chairman, Sobha Group.

"We have been outfitting palace interiors for a long time and know all about creating high-end interiors. Our hands on experience in the residential and commercial buildings, their planning and building maintenance has given us adequate exposure to Build and Operate concept of Project Management. It is now our aim to transfer our expertise to the hospitality sector, to create a chain of five-star properties under the brand Sobha Hotels," Ajay Rajendran said.

"Sobha Group is all about high quality finishes and on-time completion. These pillars, coupled with Sobha's unique service delivery, will make Sobha Hotels an international-standard chain with a very local flavour," he added.

Sobha Group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open in 2010. The Group has plans to develop a portfolio of 2,500 rooms.

       

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