Sobha to build and run hotels
The group has plans to develop at least 10 five-star properties in the next five years, with two hotels earmarked for Dubai, six for India, and one each in Oman and Zanzibar.
Sobha Hotels will benchmark against the best resort properties and luxury hotels in the region, according to Ajay Rajendran, Vice- Chairman, Sobha Group.
The group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open in 2010. The group has plans to develop a portfolio of 2,500 rooms.
"We have been outfitting palace interiors for a long time and know all about creating high-end interiors. Our hands-on experience in the residential and commercial buildings, their planning and building maintenance has given us adequate exposure to build and operate concept of project management. It is now our aim to transfer our expertise to the hospitality sector, to create a chain of five-star properties under the brand Sobha Hotels," Rajendran said.
"Sobha Group is all about high quality finishes and on-time completion. These pillars will make Sobha Hotels an international standard chain."