Morgans Hotel Planning to Construct New Hotel in Dubai
Morgans Hotel Group is planning to expand overseas by setting up a hotel in Dubai. The group announced its expansion plan on Friday.
Delano Dubai, which is targeted to be opened by 2012, shall be run by the boutique hotel operator, who has got the 20 year management contract extendable by 10 years twice.
Delano Dubai, will be a three building complex; It will have 200 guest rooms, 100 branded residences, bar and a spa.
Another 360 residences adjacent to the hotel shall also be set up near the hotel.
In addition to the management fees, Morgans shall receive fees from the sale of branded and unbranded residences sold by the real estate developer.
New Zealand News
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