Emirates and wasl Renew Contract with Starwood

The Emirates Group and wasl Asset Management Group are extending the operation and management agreement with Starwood Hotels & Resorts Worldwide for Le Méridien Al Aqah Beach Resort owned by the Emirates Group.

In addition, wasl Hospitality has renewed its operational agreement with its fully owned properties; Le Meridien Dubai, Le Meridien Mina Seyahi, Le Meridien Fairway and the Westin Dubai until 2025.

HH Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, and Chairman of the Advisory Council of wasl Hospitality, said,  “The tourism industry has played a key role in positioning Dubai and the UAE on the global map. This partnership with Starwood Hotels & Resorts brings a wealth of global presence and experience to the hotels in this region; Starwood’s extensive network and renowned brand management will add immense value to these properties.”

wasl’s portfolio comprises seven hotels with more than 2200 rooms. wasl’s portfolio includes four hotels under Starwood Hotels and Resorts – Le Meridien Dubai, Le Meridien Mina Seyahi, Le Meridien Fairway and The Westin Dubai and three hotels under the Hyatt Group – Grand Hyatt, Hyatt Regency and Park Hyatt – in addition to entertainment facilities such as Grand Cineplex.

HE Hesham Abdullah Al Qassim, CEO of wasl Asset Management Group on behald of wasl Group stressed the importance of tourism, saying that the sector has become one of the cornerstones of Dubai’s economy and pointing out that the sector’s tremendous growth has encouraged a large part of real estate investment to be directed to the hospitality and tourism industry in order to serve the emirate’s vision of becoming a world class tourism destination. In addition, he said, this growth is adding more momentum to the emirate’s economy, in general, and the tourism sector, in particular.

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