Jumeirah Group, a luxury hotel operator based in Dubai, the second largest emirate of the United Arab Emirates (UAE), announced that it will open five more hotels in Southeast Asia and Middle East in three years, local newspaper Gulf News reported on Saturday.
In spite of the ferocious crisis that sweeps the global in recent weeks, Jumeirah Group that currently manages 11 hotels and resorts is determined to go ahead with its global expansion plan, which will be a network of 60 hotels by 2012, according to the report.
The five new hotels Jumeirah Group to open will be located in Indonesia, Maldives, Bahrain, Oman and Kuwait. All of them are scheduled to open over three years.
“With these developments, we will have a balanced portfolio with a wide spread. One third of our hotels will be in Asia and we are pretty strong in the GCC (Gulf Cooperation Council) and the Middle East, our home base,” the group’s executive chairman Gerald Lawless was quoted as saying.
“The present financial crisis won’t affect us much as we are a solid company, and the hotels that we’ve signed up are being developed by strong partners,” he added.
Jumeirah Group is part of Dubai Holding, which is owned by Dubai Government. Its portfolio includes the sail-shaped Burj Al Arab, the world’s tallest all-suite hotel.