Carlson Rezidor re-enters Libya by announcing the Radisson Blu Hotel, Misrata: the 126-rooms property is scheduled to open in early 2016 and will be the first internationally branded hotel in Misrata. It is the conversion of an existing hotel and currently undergoing full renovation to meet Radisson Blus high service and safety standards.
The Middle East/Africa region reported positive year-over-year results in two of the three major performance metrics during March 2015 when reported in U.S. dollars, according to data compiled by STR Global.
From the Arabian Hotel Investment Conference (AHIC) in Dubai, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it will double its portfolio in the Middle East, aggressively expanding its luxury, upper upscale and mid-market brands with plans to open 50 hotels by 2019.
Owned by Kuwait's Al Ajial Asset Fund, the 501-room five-star property will complete an extensive renovation and expansion programme, costing approximately US$69 million, before reopening under the Mövenpick Hotels & Resorts brand.
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