Atlantis Hotels, which is owned by Dubai’s sovereign wealth fund, currently operates two large properties in the Emirate and one in Hainan, China
Dubai-based Atlantis Hotels is planning to expand its global footprint by building up to four additional hotels, according to a report by Bloomberg, which cited Atlantis Hotel’s Managing Director Timothy Kelly.
The company is eyeing opportunities in Southeast Asia, the Middle East, and North America as it looks “to cash in on the rebound in leisure travel, which has so far proved resistant to concerns over inflation and a darkening economic outlook,” the report said.
Kelly said Atlantis typically invests in cities along with partners to reduce the risk for projects that can cost about $2bn to build and take up to five years to construct and establish. Florida sits at the top of the list of cities where the hotel chain would like to build a coastal property.
