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Bench Events has a long track file of delivering, with its companions, the premier hotel investment occasions throughout Europe, the Middle East and Africa. With as we speak's transaction it is now taking effective management control of the lodge group's operations as nicely more info it seems. ICD purchased its new stake in the company from founder Sol Kerzner, and his household, and from other institutional buyers. Istithmar World , and affiliates of funding banking group Goldman Sachs and Colony Capital, which is led by founder Tom Barrack, will proceed to have vital holdings in Kerzner as effectively.

A serious challenge wholly-owned by Dubai Investments, DIP mentioned with these new projects, the whole number of hotel rooms inside the group will improve to 2,000, acknowledged the Emirati information company Wam, citing a prime company official. ICD then lastly acquired full possession of the visionary Dubai Atlantis on the Palm Jumeirah artificial island earlier this yr, from Kerzner it said immediately.

These accommodations will provide a serious boost to the hospitality sector as Dubai expects to draw as many as 25 million guests in the course of the Expo 2020, a six-month-long extravaganza to be held from October 2020, including the 17.5 million abroad vacationers,” he said. The emirate would require an additional 45,000 resort rooms to match the rising demand by 2020 and an investment of practically $7.1 billion is expected in new resort tasks, the report added. Kerzner additionally then was reported to have offered 50 p.c of the Dubai resort to Istithmar World, a unit of Dubai World, Dubai's state owned industrial holding company for US$250 million. Premier Inn Dubai Investments Park is right for both enterprise and leisure travellers.

His family began a resort chain and, after graduating as a Chartered Accountant, Kerzner took over the operating of the group and went on to create essentially the most profitable hotel group in South Africa, Solar Worldwide. He originally founded each of South Africa's largest home hotel teams and has played a pivotal function in the growth of the tourism industries of South Africa, Mauritius, The Maldives, Dubai and The Bahamas.

Our Costa Coffee Shop and swimming pool has been refurbished on your enjoyment, we provide Free Wi-Fi and we're easily accessible from Sh. Mohammed bin Zayed Highway, only 20 minutes from Al Maktoum Worldwide Airport at Dubai World Cental (DWC). Our Dubai Investments Park hotel is situated simply off the Sheikh Mohammed Bin Zayed Road (SMBZ Highway) next to the Inexperienced Neighborhood, not far from Jebel Ali. At the finish of this highway, filter to the proper and go straight across the roundabout, you'll then see the hotel just down this highway on your proper hand facet. A regular shuttle bus service runs from outside the resort to the Dubai Metro and Ibn Battuta Buying Mall.