50. Vardaraj Shetty, Chairman & Managing Worker, Ramee Group of Hotels & Resorts
Five-star properties are in the pipeline for the home-grown hotelier
Vardaraj Shetty runs at least 40 hotels across the Middle East, and last we spoke to the hotelier, he had three more in development.
Its hotels are spread across the UAE, Bahrain, Oman and India — with Shetty also having investment in a shopping mall in Chennai, India.
Last year, Shetty that in addition to these GCC countries, he was looking at opportunities in Qatar, but no confirmation of potential venues has been released by the company yet.
According to sister title Arabian Business, who also ranked Shetty amongst the ‘50 Richest Indians in the GCC 2015’ the chairman is set to add two more five-star hotels in Dubai and Abu Dhabi over the next three years at a cost of roughly US $200mn. At the time, his wealth was estimated to be $325mn.
He is also keen on improving environmental standards across his properties in the region, and those in India.
Shetty first came to the UAE in 1978 and started running his own hotel when he was only 25 years old.
In addition to his managed properties, the group — which also operates mid-market hotels — has food & beverage venues under its diverse portfolio.
By the numbers
26 Number of years in the role
26 Number of years with company
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