Ramee eyes high-end hotels

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Dubai-based Ramee Group of Hotels and Resorts is looking for high-end properties in the UAE and other Gulf states for lease or management, said a senior company official. Raj Shetty, chairman and managing director of Ramee Hotels, said the group will offer partners guaranteed capital returns for the properties.

“Ramee Group is also planning to venture out exclusively to the management contracting industry and will ensure a ‘win-win’ objective to both parties while promising guaranteed capital returns. Ramee Group is searching for a city five-star hotel together with a five-star beach resort on either a rental or management basis,” Shetty added, as reported by Emirates 24|7.

The group – which has a portfolio of 38 properties under its management in the Gulf and India – is also venturing into the five-star hotel segment with the first property set to open doors in the next quarter in Bahrain. The new project will attract family tourists as well as MICE travellers to Bahrain. The strategy is focused on the business traveller and on increasing family tourism, particularly from within the GCC.

When the doors of Ramee Grand Hotel and Spa opens in the third quarter, it will be the tallest five-star hotel in the Kingdom with 166 rooms, housing seven food and beverage outlets. The Group, according to Shetty, aims to have 50 hotels by the end of next year by adding another 12 properties in it fold in the Gulf Cooperation Council (GCC), India, Iraq, Morocco and other prospective places around the world. The group is looking at properties in Indian cities of Indore, Madras and Pune.

Shetty said three to four deals are on the table for negotiations. “We look forward to the growing opportunities in the GCC as the region is witnessing continued sustainable development,” he added.

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