Dubai - wasl hospitality and leisure, a subsidiary of wasl Asset Management Group, announced the near completion of works on four new hotel developments soon being launched into Dubai’s hospitality sector.

Construction work at Hyatt Centric Hotel is progressing, with a 98% completion rate. The project is being developed on a plot area of 4,122 square metres in proximity to La Mer beach, overlooking the waterfront of the Arabian Gulf. The hotel has a configuration of 2 basements + ground + 6 floors + roof, with a capacity of 173 keys, which includes 125 king-size rooms, 26 VIP rooms, 18 twin rooms, 3 rooms for People of Determination, and a VIP suite room.

Other facilities at the hotel include all-day dining areas, a pool, a gymnasium as well as treatment rooms. The hotel is expected to be operational by Q4 2021. 

wasl hospitality is also developing a new hotel in Al Sufooh, which will be operated by Marriott International, featuring 318 rooms and with an expected completion by Q1 2022. The company has recently completed the concrete structure of the new 30-floor skyscraper, exceeding 86% of the works.

Furthermore, wasl hospitality completed works at Aloft Dubai Airport, which includes 230 rooms, and Element Dubai Airport, which features 89 furnished apartments; both hotels are expected to be launched over the next few months.

wasl hospitality and leisure continues to cater to the Dubai hospitality sector, with a portfolio of 6,885 hotel rooms, of which 5,301 rooms are distributed among 19 hotels and 1,584 hotel apartments among 9 hotels.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.