Top Accor Middle East management executives met key Gulf investors at the newly opened Pullman Dubai Mall of the Emirates for the first Accor Investors’ Night in the region.
The event was an open venue to discuss trends in the hospitality industry and new investment strategies with both existing and prospective investors.
Along with its long-term partner, the Majid Al Futtaim Group which owns the first Pullman hotel in the region, Accor ME welcomed 35 prominent Middle East investors. A large representation came from Saudi Arabia, along with key investors from UAE, Qatar, Kuwait, Bahrain and Syria.
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The VIP investors stayed at the new Pullman Dubai MoE, and attended an exclusive conference dinner chaired by Charlie Langlais, COO Accor ME, Africa, and Indian Ocean, with lively discussions led by international speakers from Colliers International and Global Taylor Advisers. Both advisory firms shared their views on best practices worldwide and the MENA region in the hospitality sector, specialising in finance, lending and maximising the value of hotel assets.
Christophe Landais, managing director Accor Middle East, said: "We were delighted to welcome our key Middle East investors on this occasion. With this unprecedented initiative, we wanted to show them how much we value their input and get closer to them to sustain transparent and long-term relationships. The Middle East region is an extremely important market for the Group’s expansion plans’’.
With a current 36 operational hotels and a strong presence in nine countries in the Middle East, Accor Middle East said it wass committed to expand in the short term, its portfolio of internationally-recognised hotel brands with a further 14 hotels from economy and mid-scale hotels such as ibis and Novotel to upscale and luxury hotels with Pullman and Sofitel which are all due to be opened by 2012 in key regional destinations.
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