Hotel with 300 rooms is part of mixed-use AED 1 billion Bay Central project at Dubai Marina

Dubai, UAE, March 15, 2007: The Dubai-based Select GroupTM, one of the leading players in Dubai's realty sector today announced that Marriott International (NYSE:MAR) will manage its new Renaissance-branded hotel at Dubai Marina.

Scheduled to open in 2010, the Renaissance Dubai Marina Hotel will boast 300 rooms and be part of a 1 million square foot, mixed use development known as Bay Central - an AED 1 billion project, that also includes two residential towers and about 3,000-square meters of retail space.

Commenting on the hotel development at Dubai Marina, Mr. Rahail Aslam, Chairman, Select GroupTM  said: "Select Group has aligned its goals of strategic business growth in line with the vision of His Highness Sheikh Mohammed for Dubai.  The city's recurrent position as one of the top three cities of the world for highest revenue per available room (revPAR) and  the government's plans to drive up tourist numbers from six million in 2006 to 15 million by 2010 were some of the compelling factors which contributed towards the inclusion of a five star hotel in the Bay Central project. In line with the group's strategy of offering its stakeholders the most selective solutions with maximum return on investment and owing to Marriott International's excellence and experience in hotel management, they were our preferred choice for this venture."

The Renaissance Dubai Marina Hotel will feature an all-day casual restaurant, two specialty restaurants, lobby lounge and bar as well as a high energy entertainment bar with outdoor seating. For recreation, the hotel will offer an internationally branded, 14,000-square foot spa; a health club with sauna and steam rooms; and an outdoor swimming pool. With 16,800 square feet dedicated to flexible meeting space, some of the other amenities will include an executive lounge, a business center, 24-hour room service, in-room mini-bar, and high-speed internet access.

"We are delighted by this hotel," said Mr. Ed Fuller, President and Managing Director for international lodging at Marriott International. "As currently designed, the Renaissance Dubai Marina Hotel will be a perfect addition to our Renaissance brand portfolio that is gaining widespread recognition for the sophisticated, stylish, urbane and enjoyment-focused hotel experience it offers. We are confident the hotel will fit in very well with the lifestyle offered by the Dubai Marina development."

"Having an internationally acclaimed five star luxury hotel within the Bay Central Development has further increased the resale and rental appeal of the residential towers. The occupants of Bay Central residential towers will have access to a number of the hotel's services, including A la Carte Services, as well as a number of fully licensed bars and restaurants on their doorstep, making it a truly unique offering"  added Mr. Aslam. 

Select GroupTM has established its reputation as a leading developer in Dubai for high build quality and attention to detail. The total assets under development by the group exceed AED 2 billion mark and include the "Torch" and "Point'" towers, currently under construction in Dubai Marina.

Dubai Select LTD UK, is the sales arm of the group with exclusive world wide rights for sale of all of its developments.  In addition, the group also owns the majority shares in Select Glass Industries - an architectural glass product factory and extensive real estate investments in Eastern Europe and Asia.

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© Press Release 2007