This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Mövenpick Hotels & Resorts Opens Fifth Property In Dubai

DUBAI, UAE, January 21, 2013 /PRNewswire/ --

- The group becomes the first international hotel company to operate a property in Al Mamzar with the opening of Moevenpick Hotel Apartments The Square.

Moevenpick Hotels & Resorts has opened its fifth property in Dubai, becoming the first international hotel company in the city's Al Mamzar area of Deira.  Moevenpick Hotel Apartments The Square opened on 20 January with 180 superior and deluxe rooms, as well as one- and two-bedroom hotel apartment suites. The property is close to the Al Mamzar Beach Park and other landmarks within Deira, Dubai's historical centre.

     (Photo: http://photos.prnewswire.com/prnh/20130121/588911 )

The upscale hotel company of Swiss heritage presently has four Moevenpick properties in operation in Dubai, including Ibn Battuta Gate, Jumeirah Beach, Bur Dubai and Deira. The fifth property will further complement the company's strategic reach in the city and in the area of Deira. Due to its proximity to Dubai International Airport, Dubai Creek, Sharjah, the airport free zone, port and trading centres, Deira remains a vibrant central district where hotels enjoy upwards of 80 per cent occupancy year-round.

Moevenpick Hotels & Resorts is optimistic about its future success in the Emirate, given that the existing portfolio in the city achieved an average occupancy of 86 per cent in 2012. The company is pursuing geographical expansion within the Emirate and a sixth property in Jumeirah Lake Towers will also open later this year.

"In addition to being the only international hotel company in Al Mamzar, we look forward to differentiate the hotel by providing the Swiss quality, value and five-star service which Moevenpick is renowned for," said Chadi Gedeon, general manager of Moevenpick Hotel Apartments The Square. "Our hotel is ideal for families, executive travellers and long-stay guests. I strongly believe that our stylish and contemporary-design hotel apartments, coupled with our friendly approach, will provide both short and long-term guests with a memorable stay."

Each of the rooms and apartments at Moevenpick Hotel Apartments The Square Dubai are appointed with a convenient kitchenette, making it homely while still providing all the comfort and services of a hotel. The property has also attained the Department of Tourism and Commerce Marketing (DTCM) classification as 'Deluxe Hotel Apartments', the highest standard of hotel apartments in Dubai.

The Spices, a contemporary all day dining restaurant, has a culinary repertoire that includes exotic Asian creations and classic international dishes. At the rooftop swimming pool, cocktails, light snacks and shisha can be enjoyed. On the sixth floor, a fully-equipped fitness centre is available while executive guests benefit from four meeting venues with natural daylight and garden views.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs