Dubai, UAE, December 2018: HMH – Hospitality Management Holding, UAE’s leading hospitality management group, has announced that it no longer manages the Coral Dubai Al Barsha, effective December 20th 2018.
Mr Brett Schafer, Chief Executive Officer of Faisal Holding (which owns HMH together with Manafa) commented, “This is a mutual decision reached between HMH and the owner of the property due to the owner’s amendment of their asset management strategy from a Management Agreement to a Lease Agreement format. Both parties are working closely towards a seamless and quick transition. I would like to equally thank the owner for giving us the opportunity for managing this property, as well as HMH and the team at the Coral Al Barsha Hotel who have made this journey a success, and of course our loyal visitors who have stayed with us.”
Mr Aboudi Asali, Chief Executive Officer – HMH added by saying, “We value our partnership with the owner and have reached a common decision to discontinue the management operations of Coral Dubai Al Barsha from the 20th December 2018. and we are always more than happy to support. HMH is equally expanding its portfolio while investing across the region, with 5 new properties being launched in 2019 in various destinations across the Middle East and North Africa.”
HMH have recently announced expanding its brands offering through its first Budget Hotel under the brand ECOS Hotels. The 321-rooms property is located in Al Furjan Community, and is scheduled to serve our guests visiting Dubai for the Expo 2020. Currently HMH’s pipeline includes 19 hotels under various stages that represent HMH’s 5 brands, across its regional footprint.