Dubai Investments has signed a cope with Millennium Resorts and Resorts to open Grand Millennium Resort, Danah Bay, on the Marjan Island in Ras Al Khaimah.
The freehold mission within the UAE might be operated underneath the Grand Millennium model and embody 300 rooms. It’s being positioned as an higher upscale resort with specialty eating choices and a number of other seaside leisure services to ship a resort-style expertise within the emirate.
The lodge is predicted to open in This autumn 2025. Millennium Resorts and Resorts manages and operates a spread of over 145 lodges in 80 places throughout its portfolio. Its presence extends the Center East, Asia, Europe, North America and New Zealand.
“This signing comes as a part of our bold growth plans within the area, with a deal with increasing in key places and rising our resort portfolio. We’re additionally thrilled to carry our higher upscale Grand Millennium model to this prestigious location in Marjan Island. Danah Bay offers the right platform to ship an thrilling way of life resort expertise to each regional and worldwide company,” mentioned Fahad Abdulrahim Kazim, CEO of Millennium Resorts and Resorts for Center East and Africa.
Abu Dhabi Nationwide Resorts to take a position US$272m in luxurious resort in Ras Al Khaimah
The information of the the newest lodge opening in Ras Al Khaimah follows the emirate not too long ago reporting that it obtained its highest-ever variety of annual guests final 12 months. The Ras Al Khaimah Tourism Growth Authority (RAKTDA) mentioned that over 1.13 million in a single day arrivals had been recorded in 2022, a 15.6 per cent enhance over 2021.
“The tourism sector in Ras Al Khaimah has been having fun with a interval of development and profitability. Over time, Dubai Investments has maintained a wholesome portfolio of lodge initiatives via its mixed-use developments and the inclusion of Grand Millennium Resort – Danah Bay is one other excellent addition. The upcoming lodge will optimally leverage the expansion part of Ras Al Khaimah particularly in assembly lodging wants, with a selected deal with the posh journey and the MICE segments,” mentioned Khalid Bin Kalban, vice chairman and CEO of Dubai Investments.
Final 12 months, new lodges and resorts opening within the emirate raised its stock by 17 per cent to succeed in over 8,000 keys. With 19 upcoming properties, from manufacturers together with Marriott, Millennium, Anantara and Sofitel, and 5,867 keys within the pipeline over the subsequent few years, there may be anticipated to be a 70 per cent enhance in stock versus present ranges over the subsequent few years.