EXCLUSIVE: Millennium signs 4 Dubai hotels
New lifestyle budget concept to open in Dubai and includes plans for one of the largest budget hotels in the region.
Millennium & Copthorne (MEA) has announced the signing of four hotels in Dubai.
The properties include three Studio M hotels, the firm’s contemporary budget concept as well as a Millennium hotel and are set to open in Dubai World Central, Dubai Investments Park and Al Barsha.
Ali Hamad Lakhraim Alzaabi, president & CEO, Millennium & Copthorne Hotels MEA commented: “We are delighted to extend our footprint in Dubai and bring our exciting new budget brand to the city.
“We believe it perfectly complements the growing demand for stylish yet affordable accommodation, which is evidenced by the development of one of the largest budget hotels in the region.
“The concept combines contemporary design integrated with technology to drive operational efficiencies and we believe it is a compelling proposition for both Owner and Consumer.
The agreement follows shortly after the group announced the introduction of Studio M to Muscat, Oman along with plans to open in Riyadh later this year.
Millennium & Copthorne has plans to extend the Studio M footprint in as many as 25 urban locations across the GCC in the next five years.
The company has signed an agreement with Tetra Hospitality for Studio M in Dubai World Central, with the group’s flagship Millennium brand also signed for the same location with ABA Hospitality DWC LLC.
Scheduled for completion in 2018, Studio M Dubai World Central will offer circa 750 rooms, making it one of the largest budget hotels in the region.
Meanwhile, Millennium Dubai World Central will feature circa 400 rooms to cater to the upper midscale corporate traveller, with meeting rooms and business facilities.
In addition, two further Studio M properties are set to open in Dubai.
A 144 key Studio M is due to launch in Al Barsha in Q3 2017 in partnership with developer Jersey Properties LLC, while a 150-key Studio M will open in Dubai Investments Park in 2018 in partnership with Tetra Hospitality Investment LLC.
“We see tremendous potential for Studio M in the region as we believe this market segment is under supplied and there is still a strong demand for quality three and four star brands with international standards.
“We believe the brand perfectly complements the dynamics of the Dubai market, while the prime location of the property will benefit those travellers coming to Dubai for short business trips and leisure travellers looking for affordable and conveniently located accommodation” added Alzaabi.