The UAE-based hospitality company will have a portfolio of 21 MENA properties by 2023
Time Hotels has announced plans to increase its portfolio by 40% to 21 properties by next year.
The news comes ahead of the company’s participation at next month’s Arabian Travel Market, which takes place from 9 to 12 May at the Dubai World Trade Centre. Six new properties will be showcased at the event including developments in Fujairah, Saudi Arabia, Sudan and three in Egypt.
Time Hotels co-founder and CEO Mohamed Awadalla said: “Following the challenges of the last two years, we have seen unprecedented demand for additional rooms in key territories in the region. This, combined with our in-depth market research, has underscored the need for new, quality-driven, value accommodation.
“We have witnessed resounding success throughout the UAE, Egypt and Saudi Arabia, and we feel now is the time to expand for the company’s future success. With six new properties, totalling 781 keys, this is an important time for our expansion and growth both regionally and internationally.”
Time Coral Nuweiba Resort Egypt
As part of the company’s expansion plans, Time Hotels will expand its offering in the UAE with the launch of the Time Moonstone Hotel Apartments in Fujairah, located just 10 minutes from a host of amenities, including Fujairah Mall, City Centre Fujairah and the Fujairah Corniche. The 91-key property, which is scheduled to open on 1 May 2022, will feature 13 one-bedroom and 78 two-bedroom apartments, an all-day dining restaurant and a fully-equipped gym.
The company will also expand in Egypt with three new properties. These are the 117-key Marina Hotel & Convention Centre on the north coast, which is expected to open later in Q2 2022; the 201-key five-star Time Coral Nuweiba Resorts, located on the Red Sea and due to open in Q3 2022; and Time Nakheel Deluxe Apartments, a 216-key property scheduled to open in Q1 2023.
In Saudi Arabia, Time has unveiled plans to open the 57-key Time Express Al Olaya in the Saudi capital. The Riyadh property, which will target budget-conscious travellers, will feature a restaurant, a range of leisure amenities and a lively rooftop terrace.
Rounding out the new openings is Time’s first foray into the Sudanese market with the Time Ahlan Hotel Apartments in Khartoum. The 57-key property will be home to a coffee shop, meeting rooms, a swimming pool, gym and juice bar.
Awadalla added: “This is an exciting time for the region’s tourism industry and offers a myriad opportunities for Time Hotels, not only with these openings but with others that will come further down the line. We have strategically developed a range of brands within our portfolio to offer our guests, whether corporate or leisure, exactly what they want and need from a holiday, business trip or short break.”
Time Hotels will be exhibiting on stand HC0620 at May’s Arabian Travel Market.
For more information, visit www.timehotels.com