Issue 2544 - 5 October, 2020

    Aleph Dubai launch

    Third party manager Aleph Hospitality has signed its first hotel in the UAE. It will open a 386 room hotel on Sheikh Zayed Road in the second quarter of 2021. The brand for the new property has yet to be confirmed. Aleph already has a growing presence in Africa, and has targeted to manage 35 [...]

    Swissotel for Jeddah

    Accor has signed to launch its Swissotel Living serviced apartment brand in Jeddah, Saudi Arabia. The 150 unit development will open in 2021, as part of Al Raya Real Estate’s J View development, reports Hotelier Middle East. The group has also announced a Rixos resort in Deira, Dubai. Dubai Developments is building the 770 room [...]

    Dominvs portfolio shift

    Investor and hotel developer Dominvs Group has put its Holborn Viaduct hotel development site up for sale. The company says the move is a response to unsolicited interest in the project. Cushman & Wakefield is marketing the site which has consent for construction of a 382 room hotel with skybar and workspace. Dominvs is diversifying [...]

    Airbnb aims for $3bn

    Airbnb aims to raise around USD3bn in its upcoming IPO. The move could value the accommodation listing platform at more than USD30bn, reports Reuters. Full listing details are expected in November, with a December market launch. In a roller coaster year, Airbnb was valued at just USD18bn, when it raised USD2bn from investors earlier this [...]