KSA: Rotana has signed an agreement with Damac Hotels & Resorts to operate Damac Towers in Riyadh, as an Arjaan by Rotana property.
The project is set to complete in the third quarter of this year and will feature 454 serviced apartments.
Damac also has two of its own luxury hotel brands, Damac Maison Royale and Damac Maison, through which it manages premium hotel apartments at five properties in Downtown Dubai and Business Bay.
As well as the Rotana deal, it has an agreement with Radisson Hotel Group for a 481-room Radisson hotel at the Damac Hills residential community in Dubai. There is also an agreement with Paramount Hotels & Resorts for the latter to operate the Damac Towers serviced apartment project on Sheikh Zayed Road in Dubai, due to open in the third quarter of 2019.
In total, Damac’s hospitality unit plans to open around 5,000 keys per year until 2023.</p
