Property will mark the first Andaz-branded
hotel in Dubai and the second in the United Arab Emirates
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt
affiliate has entered into a management agreement with wasl Asset
Management Group, one of the largest real estate development and
management companies in Dubai, for the development of an
Andaz-branded hotel at La Mer—a vibrant lifestyle district in the
coastal area of Jumeirah. Expected to open in 2020, the property
will become the first Andaz-branded hotel in Dubai and the second
Andaz hotel in the United Arab Emirates, joining Andaz Capital Gate
Abu Dhabi (expected to open in Q4 2018).
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Rendering of Andaz Dubai La Mer (Graphic:
Business Wire)
Delivering thoughtful, unscripted service for curious-minded
guests in search of inspiring local experiences, Andaz Dubai La Mer
will offer distinct experiences that immerse guests in the sights,
sounds and tastes of Dubai. The hotel will also offer easy access
to globally recognized landmarks such as the Dubai Mall, Burj
Khalifa and the Dubai Frame.
HE Hesham Abdulla Al Qassim, CEO of wasl Asset Management Group,
commented, “We are always seeking to add value to Dubai’s
hospitality market with stand-out projects in iconic locations.
This new venture with Hyatt is yet another seal of quality that
aligns with our vision to offer superior real estate and lifestyle
options to enhance the guest experience. Andaz Dubai La Mer will
enrich our portfolio and introduce more than 150 rooms and suites
in the dynamic area of Jumeirah.”
“At Hyatt, we are committed to offering meaningful experiences
to our guests and bringing the right brands to the right places,”
said Ludwig Bouldoukian, Hyatt’s Dubai-based regional vice
president of development, Middle East and North Africa. “We’re
excited to introduce the Andaz brand to Dubai, as we believe the
brand will bring to life the culture of this vibrant city. Given
its location at La Mer, the hotel will provide the ideal setting
for visitors looking to experience the ultra-modern, design-led
façade of Dubai, something that will be integrated in the hotel’s
character. It is a pleasure to continue our work with wasl Asset
Management Group to realise this vision.”
Andaz Dubai La Mer will feature 156 rooms and suites, with
409-square-foot (38-square-meter) residential-style guestrooms
highlighting key elements of the city through décor and design. To
add to the area’s thriving culinary scene, the hotel will offer two
restaurants and a rooftop bar and pool area with stunning panoramic
views. Meeting facilities, available to guests and locals, will
encompass two residential-style studio rooms.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Andaz
Global in scale while local in perspective, the Andaz brand of
luxury lifestyle hotels weaves the sights, sounds, and tastes of
each property’s surroundings for a distinct experience. Through
thoughtful, unscripted service, Andaz hotels enable guests to go
beyond the familiar and satiate their curiosity while immersing
them in the spirit of the eclectic culture around them. Seventeen
Andaz hotels are currently open: Andaz 5th Avenue and Andaz Wall
Street in New York, Andaz San Diego, Andaz West Hollywood, Andaz
Napa, Andaz Scottsdale Resort & Spa, Andaz Savannah, Andaz Maui
at Wailea Resort, Andaz Ottawa ByWard Market, Andaz Mayakoba Resort
Riviera Maya, Andaz Costa Rica Resort at Peninsula Papagayo, Andaz
London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz
Singapore, Andaz Delhi, Andaz Xintiandi in Shanghai, and Andaz
Tokyo Toranomon Hills. For more information, please visit
andaz.com. Follow @Andaz
on Facebook, Twitter and Instagram, and tag
photos with #WhenInAndaz.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a
leading global hospitality company with a portfolio of 14 premier
brands. As of September 30, 2018, the Company's portfolio included
more than 750 properties in more than 55 countries across six
continents. The Company's purpose to care for people so they can be
their best informs its business decisions and growth strategy and
is intended to attract and retain top colleagues, build
relationships with guests and create value for shareholders. The
Company's subsidiaries develop, own, operate, manage, franchise,
license or provide services to hotels, resorts, branded residences,
vacation ownership properties, and fitness and spa locations,
including under the Park Hyatt®, Miraval®, Grand Hyatt®,
Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound
Collection by Hyatt®, Hyatt Place®, Hyatt
House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt
Residence Club® and Exhale® brand names.
For more information, please visit www.hyatt.com.
About wasl Asset Management Group
wasl Asset Management Group, one of the largest real estate
management companies in Dubai, was established by the Dubai
Real Estate Corporation (DREC) in 2008 to oversee the
management of its assets and grow its real estate
portfolio. Through its three subsidiaries; wasl properties,
wasl hospitality & leisure and Dubai golf; wasl operates in
various real estate, lifestyle, leisure, hospitality, and business
sectors. wasl’s main objective is to strengthen Dubai’s position as
the premier hub to live and work in and at the same time be the
ultimate destination for tourists. For further information please
visit: www.wasl.ae
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Forward-Looking Statements in this press release, which are not
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include, among others, the rate and pace of economic recovery
following economic downturns; levels of spending in business and
leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the financial condition of,
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version on businesswire.com: https://www.businesswire.com/news/home/20181215005001/en/
Noha BelhajHyatt – Middle East and North Africa+971 56 818 50
26noha.belhaj@hyatt.com
Jennifer RubinHyatt312-780-5808jennifer.rubin@hyatt.com
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