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FINANCIAL NEWS
Premier Inn to build $33m hotel in Abu Dhabi
17 Apr 2010
(MENAFN) British hotel bran Premier Inn said that it has begun construction of its first hotel in Abu Dhabi and the fourth in the UAE, at a prime location within the Capital Centre being developed by Abu Dhabi National Exhibition Company, or ADNEC, Gulf News reported.
The new hotel to be ready by September 2011 will have 242 rooms, with the cost of development reaching $32.7 million, according to a release from the company.
Premier Inn is UK’s biggest and fastest growing hotel brand with over 580 hotels and in excess of 42,000 rooms across the UK and in Ireland. The three existing hotels in the UAE of the brand are located at Dubai Investments Park, Dubai Silicon Oasis and Dubai International Airport.
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BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
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