The quick-growing hospitality company will increase its portfolio to 30 properties by 2025, with opening planned for the Middle East and Indian Ocean.
This expansion includes the opening of eight new properties across the Middle East and the Indian Ocean over the next 18 months. Time Hotels currently has 14 properties consisting of 1,465 keys in operation across the UAE and wider GCC region.
This year, the hospitality company and hotel operator will open three hotels in the UAE – the 91-key Time Moonstone Hotel Apartments in Fujairah; the 99-key Time Burj Al Saadah Hotel Apartments in Sharjah; and the 232-room Time Asma Hotel, in Al Barsha, Dubai, which will have two floors dedicated exclusively to female travellers.
Time has also been active in Saudi Arabia and will soon take over the management of two boutique hotels in Riyadh, the Time Elite Suites in Al Muruj and the Time Express Olaya Hotel in the Saudi capital’s upmarket Olaya district.
Mohamed Awadalla, CEO, Time Hotels, said: “2020 was a very challenging year for hospitality, travel and tourism, right across the globe, but we are looking ahead at 2021 and beyond with great optimism. With so much pent-up demand as well as Expo 2020, we are looking forward to a very busy autumn and winter period.”