Welcome to Hotelier's rolling live coverage of the fourth and final day of Arabian Travel Market 2014. We'll bring you all the latest announcements from the event at Dubai World Trade Centre, exclusive news and essential industry gossip...

Remember to refresh this page to get all the latest updates.

06.00pm: And that's just about it for the day, and indeed ATM 2014. It's been a great few days and the whole Hotelier team has been working hard to cover all the breaking news. Thank you for joining us and make sure you keep checking HotelierMiddleEast.com for all the latest industry news.

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05.35pm: They've had a busy few days, so it's appropriate that one of the final pieces of news from ATM comes from Hilton Worldwide, which has signed an agreement with long-standing business partner Mohamed Ruqait Real Estate for a new resort property on Marjan Island in Ras Al Khaimah. This of course follows on from a deal announced earlier this week for a new Hilton Garden Inn adjacent to Mall of the Emirates in Dubai, as well as the news that it will manage a 366-room resort being developed on Saadiyat Island in Abu Dhabi.

05.05pm: Le Méridien Dubai is no more! Following completion of new rooms and meeting facilities at the hotel, the property shall henceforth be known as Le Méridien Dubai Hotel & Conference Centre. Among the changes is an extension to house Le Royal Club as well as an expanded 2,500 sq m Grand Ballroom that can accommodate up to 1,500 guests and six new meeting venues, bringing the total to 21.

04.40pm: Minor Hotel Group, operator of brands including Anantara, Avani and Per Aquum, is continuing its focus on the Middle East, with work progressing at both its Doha and Salalah Anantara resorts. The Anantara Doha Island Resort has been renamed as Banana Island Resort by Anantara and will feature a host of wellness, spa and sports activites, including a surf pool, dive centre, nine-hole golf course, cinema, eight-lane ten pin bowling alley and a marina for 30 boats. Ten boast a day are planned to take residents and tourists from the mainland to use the facilities. It will also feature the first over-water villas in Qatar, just as Anantara The Palm Dubai brought over-water villas to Dubai. In Oman, a GM is being appointed for the Salalah resort, with that project moving forward, revealed Michael Marshall, who has recently been promoted to chief commercial officer, Minor Hotel Group. The group is also targeting more expansion in Dubai, this time for its Avani brand, which is also looking for growth in Egypt, Jordan and Saudi Arabia.

04.05pm: There’s a lot of talk surrounding Damac Hotels this week, with the launch of new brand Naja and a sharia compliant property. Hotelier caught up with Niall Mc Loughlin, senior vice president, Damac Holding Co. LLC and Shaun Langdon, senior vice president, Damac Hotels to find out how business was going at the first property to be opened, Damac Maison Dubai Mall Street, which Langdon says has exceeded expectation with average rate of AED749 in Q1, beating the AED739 average for its comp set. More apartments have now gone into the rental pool, with Mc Loughlin saying that now 200 out of 355 apartments are available, with Damac achieving double digit yield for owners. As well as the expansion in Dubai, where six more apartment buildings will open this year, there are also two properties in Riyadh, one Paramount-branded and one Fendi-branded, both operated by Damac Maison, and a Damac Maison planned for Qatar.

03.40pm: We’ve just heard of an exciting new lifestyle destination in Dubai! Purobeach, which already operates an “urban oasis” at Conrad Dubai, is opening its first beach club in Dubai, at Jebel Ali Golf Resort. Details are under wraps but the venue is likely to open after the summer.

3:15 Zaya Retreats is on select recruitment drive for its property in Abu Dhabi. Director of operations Stephen Gee notes that the success of the property revolves around hand picking the right people and is keen not to hire anyone already in the hospitality cycle. The group is also to open three further properties in the country (two in Dubai and one between Dubai and Abu Dhabi).

03.05pm: Ritz-Carlton has also revealed that it will finally hit the 100-hotel mark in 2016. In total, there are 15 openings planned, with growth focused on Asia, Africa and Middle East. Lorri Rippstein, vice president sales and marketing, Europe, Middle East and Africa, The Ritz-Carlton, said five of the new hotels were in the MENA region The Nile Ritz-Carlton, Cairo in Egypt; The Ritz-Carlton, Tunis in Tunisia; The Ritz-Carlton, Marrakech; The Ritz-Carlton, Rabat; and the Tamuda Bay Reserve in Morocco. With 38,000 employees currently, Rippstein said the company was “hyper focused on finding the right talent for these hotels”.

Continue to the next page for more updates from earlier on...