Paramount Hotels to open new properties across GCC

Paramount Hotel DubaiParamount Hotels & Resorts, the Dubai-based company with the licensing rights for properties using the Hollywood producer’s brand, is looking to expand with new projects in Abu Dhabi, Muscat and Doha, Hotelier Middle East reported.

Owned by a consortium of investors from the UAE, US, UK and Russia, Paramount Hotels & Resorts was established in Dubai in 2012 and has an exclusive, long-term agreement with Paramount Licensing Inc, the licensing division of Paramount Pictures Corporation, to establish a chain of Paramount-branded hotels resorts and residences. It already has partnered with developer Damac to build a Paramount-branded hotel and residences twin tower project in Dubai and a hotel in Riyadh.

Thomas van Vliet, CEO of Paramount Hotels and Resorts, said in a statement that the tourism industry in Abu Dhabi, Doha and Muscat was “very promising and bodes further investment opportunities”. Van Vliet also said that hosting the Expo 2020 in Dubai will create more investment opportunities and growth in the tourism sector in Dubai and the UAE in general.

He said the company began to implement plans to expand its portfolio of hotels and resorts in Dubai “to meet the great demand for high-end hotel units”.

Paramount recently signed contracts to set up Damac Towers by Paramount Hotels and Resorts in Dubai, which includes a 771 rooms luxury hotel, in addition to three other residential Towers with 1,080 rooms managed by Damac Maison, the hospitality management in Damac Properties.

“It is expected that this property would open by end of 2016,” van Vliet said.

He said that work is also underway on another property – the Paramount Hotel Jumeirah Waterfront Dubai – which will be located at the waterfront of Maritime City. The hotel will include 276 rooms.



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Paramount Hotels & Resorts, the Dubai-based company with the licensing rights for properties using the Hollywood producer’s brand, is looking to expand with new projects in Abu Dhabi, Muscat and Doha, Hotelier Middle East reported. Owned by a consortium of investors from the UAE, US, UK and Russia, Paramount Hotels & Resorts was established in Dubai in 2012 and has an exclusive, long-term agreement with Paramount Licensing Inc, the licensing division of Paramount Pictures Corporation, to establish a chain of Paramount-branded hotels resorts and residences. It already has partnered with developer Damac to build a Paramount-branded hotel and residences twin...

Paramount Hotel DubaiParamount Hotels & Resorts, the Dubai-based company with the licensing rights for properties using the Hollywood producer’s brand, is looking to expand with new projects in Abu Dhabi, Muscat and Doha, Hotelier Middle East reported.

Owned by a consortium of investors from the UAE, US, UK and Russia, Paramount Hotels & Resorts was established in Dubai in 2012 and has an exclusive, long-term agreement with Paramount Licensing Inc, the licensing division of Paramount Pictures Corporation, to establish a chain of Paramount-branded hotels resorts and residences. It already has partnered with developer Damac to build a Paramount-branded hotel and residences twin tower project in Dubai and a hotel in Riyadh.

Thomas van Vliet, CEO of Paramount Hotels and Resorts, said in a statement that the tourism industry in Abu Dhabi, Doha and Muscat was “very promising and bodes further investment opportunities”. Van Vliet also said that hosting the Expo 2020 in Dubai will create more investment opportunities and growth in the tourism sector in Dubai and the UAE in general.

He said the company began to implement plans to expand its portfolio of hotels and resorts in Dubai “to meet the great demand for high-end hotel units”.

Paramount recently signed contracts to set up Damac Towers by Paramount Hotels and Resorts in Dubai, which includes a 771 rooms luxury hotel, in addition to three other residential Towers with 1,080 rooms managed by Damac Maison, the hospitality management in Damac Properties.

“It is expected that this property would open by end of 2016,” van Vliet said.

He said that work is also underway on another property – the Paramount Hotel Jumeirah Waterfront Dubai – which will be located at the waterfront of Maritime City. The hotel will include 276 rooms.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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