| 21 Dec 2008 |
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Reef Real Estate Investment Company Signs Operator Agreement with RYDGES Hotels & Resorts
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In a significant development, Reef Real Estate Investment CompanyReef Real Estate Investment Company
signed an operator agreement with RYDGES Hotels & Resorts for two of its upcoming projects namely Crystal Tower at Business Bay and AL WADI Hotel & Residence at Mizin project, Dubailand.H.H. Sheikh Ahmed Mohamed Zayed bin Saqr Al Nahyan, Managing Director, Reef Real EstateReef Real Estate said at the signing ceremony, 'We have enjoyed significant growth in the past few months. There are a lot of exciting projects underway. We are glad to appoint RYDGES Hotels & Resorts as the operator for two of our most eagerly-awaited properties. We believe it will ensure our customers the highest standards in terms of product and service.'
Crystal Tower is being developed as the most exclusive executive hotel and office tower in the Business Bay. Enjoying an outstanding location, merely 10 min away from the world's tallest building Burj Dubai and Sheikh Zayed Road, the property is specially designed for business and corporate travelers.
A 30-storey building with 5 levels of basement parking and top-notch facilities including a coffee shop, restaurants, health club, business centre, retail shops, swimming pools and outdoor café, Crystal Tower will act as a benchmark for exceptional comfort and style.
The AL WADI Hotel & Residence at Mizin project, Dubailand is an equally prestigious and promising address.
Peter Hill , Director of Development - RYDGES Hotels & Resorts, said, 'We are definitely very excited about having the opportunity to operate these wonderful projects and feel confident that our distinctive style of hospitality will appeal to all. We are continuously looking to exploit new and emerging opportunities. Our strategy is to have a strong presence in all growing cities like Dubai and these deals will provide us unprecedented access to the region.'
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About Reef Real Estate Investment CompanyReef Real Estate Investment Company
LLCReef Real Estate Investment CompanyReef Real Estate Investment Company
LLC is a UAE based company spread into diverse range of activities including Real Estate, Investment, Property Management and Property Development. With a strong financial background and excellent record of unparalleled developments, the company ensures the delivery of right products to right customers at right time with state-of the-art facilities and unmatched levels of service. Its target is to achieve a diversified portfolio and to serve various market segments including residential sector, commercial / office sector, hospitality sector and warehouse sector.About RYDGES Hotels & Resorts
Established in 1988 RYDGES Hotels & Resorts is a rapidly expanding Australian-owned hotel chain with over 30 hotels in Australia, New Zealand, UAE, Thailand and the UK.
For more information, please contact:
Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
P.O Box 66232
Dubai - UAE
Mob: +971 50 6975146
Tel: + 971 4 2128305
Fax: +971 4 2277127
Email: h.bakht@mpj-pr.com
Website: www.mpj-pr.com
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