Dubai Investments and Millennium Hotels & Resorts sign partnership
Dubai Investments PJSC has signed a partnership with Millennium Hotels & Resorts MEA to commence work on the Copthorne Creek Hotel, a 138-room hotel located in Al Hamriya, Dubai.
The collaboration between Dubai Investments PJSC and Millennium Hotels & Resorts MEA is the second hospitality real estate project between the two partners, according to a statement. The two parties are already working on a four-star hotel in the Mirdif Hills project of the emirate.
The statement revealed that the facility will be wholly owned by Dubai Investments Real Estate Company (DIRC), and managed by Millennium Hotels & Resorts MEA.
The agreement was signed by Dubai Investments CEO Khalid Bin Kalban and Ali Hamad Lakhraim Alzaabi, president of Millennium Hotels & Resorts, in the presence of Obaid Mohammed Al Salami, general manager of Dubai Investments Real Estate Company.
Speaking about the partnership, Bin Kalban said: “This project is a further demonstration of the capabilities we have at Dubai Investments in both construction and real estate.”
“In parallel it also highlights our diversification strategy as we invest in the hospitality sector, which part of our strategy that has seen investment in education, healthcare and more in recent times,” he added.
Ali Hamad Alzaabi spoke of his honour to be collaborating again with Dubai Investments, through Dubai Investments Real Estate Company.
“We know that a partnership with a renowned developer of this stature will ensure that this latest addition to our regional portfolio which currently stands at 38 hotels in the MEA region, is of the highest standards offering our guests nothing but the best in terms of service and quality, ” he said.
The four-star hotel in Mirdif Hills which Dubai Investments and Millennium Hotels & Resorts are currently working on features 116 rooms, 128 serviced apartments food and beverage concepts, a swimming pool and fitness area, and meeting spaces.
Millennium Hotels & Resorts is global hotel company, which owns, asset manages and or operates more than 130 hotels worldwide.