Omer Kaddouri has seen eight properties open in the last year, taking the number of operating hotels up to 56. Ten agreements have also been signed, keeping a healthy pipeline figure of 49.
In April he told Hotelier: “The next 18 to 24 months are going to be the months of opening hotels. We have 17 hotels to open up between now and the end of 2018. We’re sitting at 56 operating hotels and about 49 to 50 in the pipeline, so we normally keep it at a 50:50 ratio. Our wish is to be stronger in the whole Middle East and North Africa (MENA) and GCC area.”
Hotels opened in the last year include the Downtown Rotana; Rosh Rayhaan by Rotana; the Amman Rotana; Centro Shaheen, Jeddah; Kin Plaza Arjaan, Kinshasa; and the Erbil Arjaan by Rotana. However, Rotana also lost two properties in the last year: the operator and the owner, Dubai International Real Estate (DIRE), mutually agreed to the termination of the agreement for the management of Al Bustan Hotel and Al Murooj Hotel in Dubai in late 2016.
Signed agreements include two in Iran, along with the Cayan Arjaan, Dubai; the Cayan Residences by Rotana, Dubai; the Sharjah Rayhaan; the Sharjah Arjaan; Barsha Heights Rayhaan, Dubai; Rayhaan Al Mouj, Muscat; Sabah Rotana, Dubai; and the Jebel Ali Rotana, Dubai.
Rotana celebrated its 25th anniversary this year, and Kaddouri tells Hotelier that not only will the local operator have achieved its target of managing 100 properties by 2020, but that his vision is to further double that number to more than 200 hotels by 2030.