Hyatt inks deal to run new Abu Dhabi luxury hotel

Hyatt inks deal to run new Abu Dhabi luxury hotel
News from ArabianBusiness.com:

(Photo for illustrative purposes only)

Hyatt Hotels Corporation and Emirates Pearl for Development & Investment (EPDI) has announced an agreement for the management of a Grand Hyatt hotel in Abu Dhabi, which is expected to open in 2015.

Designed by Dennis Lems Architects Associates, with interiors by MKV Design of London, the contemporary ‘twisting’ glass tower will offer 368 rooms, 60 fully furnished service apartments, four restaurants, a lounge, two bars, extensive meeting facilities and a spa and fitness centre.

The 47-storey Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl will be located on the southwest end of the Coastal Boulevard in the Ras Al Akhdar district of central Abu Dhabi.

EPDI is a joint venture between a subsidiary of Atlas Group and Tourism Development & Investment Company (TDIC), a master developer of major tourism, cultural and residential destinations in the UAE capital.

Ahmed Seddiq Al Mutawaa, chairman of Atlas Group and EPDI, said: “Our relationship today with a world-class operator such as Hyatt follows a detailed due diligence process undertaken by Atlas Group and its consultants and advisors.

“Hyatt shares our vision for the hotel and we are delighted to have the opportunity to work together… The building and operation of this hotel…………… continues on ArabianBusiness.com

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Related News:

Loews to enter Midwest with Minneapolis property
News from Travel Weekly:

Loews Hotels & Resorts will debut operations in the U.S. Midwest this summer after reaching an agreement to acquire Minneapolis’s Graves 601 Hotel Wyndham Grand from Graves Hospitality Corp.

The 255-room hotel, located across the street from the Target Center sports arena, has more than 9,000 square feet of meetings space. Loews, which didn’t disclose the purchase price, said the transaction will close by early July.

Loews has been steadily expanding its North American presence since early 2012, when it said it would spend more than a half-billion dollars acquiring and building hotels in major U.S. cities. The company, which has 20 North American properties, bought hotels in Los Angeles and Washington, D.C. in 2012 and acquired a Boston hotel last year. Loews also reopened New York City’s Loews Regency in January after a $ 100 million renovation effort.

Loews will also open a Chicago hotel next year.

Follow Danny King on Twitter @dktravelweekly. 

…………… continues on Travel Weekly
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