FRHI Hotels & Resorts (FRHI) announced at Arabian Travel Market the development of seven new hotels in the burgeoning Middle East, Africa and India region. The addition of these new hotels is a step towards FRHI’s goal of doubling its regional footprint by 2020.
Currently, FRHI has 19 existing hotels in the MEAI region. The new developments are set to open in key markets, including the Kingdom of Saudi Arabia, the United Arab Emirates, Egypt and Nigeria.
“Our newly announced projects represent significant growth for FRHI and support our global expansion strategy of growing by 50 percent over the next five years.” stated Michael Glennie, FRHI’s president & chief operating officer. “Increasing the footprint of our leading hotel brands, as well as the continued expansion of our residential business across the MEAI region is critical to our success. We look forward to successfully opening these new hotels and to exploring future development opportunities throughout the region.”
FRHI’s 2020 expansion strategy for the MEAI region includes seven new hotel developments, which include two new hotels in Saudi Arabia; Raffles Jeddah; Swissôtel Jeddah; four properties operating in Dubai and Abu Dhabi, and more in development (Fairmont Ajman, Fairmont Fujairah, and Fairmont Abu Dhabi Marina); Swissôtel Jaddaf; and a partnership with Citystars on an exceptional flagship project in Sharm el Sheikh with three new hotels and a signature golf course will be built in Egypt’s Red Sea coastal city.
In addition, there is also the Fairmont Citystars Sharm el Sheikh, which is scheduled to open in 2015, along with Swissôtel Citystars Sharm el Sheikh in 2016, and Raffles Citystars Sharm el Sheikh – a luxury offering of 250 guestrooms and 50 residential villas that boasts a 26,900 square foot banquet and conference island and a Colin Montgomery 18-hole championship golf course.
Lagos, Nigeria’s commercial capital and the second fastest-growing city in Africa, will soon welcome its first Fairmont property as well.
FRHI Hotels & Resorts, frhi.com