Mismak Properties has reportedly signed an operating agreement with Shangri-La Group to manage the Shangri-La Hotel in Dubai.
The 42-storey property, located on Sheikh Zayed Road, was added to Mismak Properties’ portfolio earlier this year.
Zawya stated that Shangri-La Group, based in Hong Kong, will operate the hotel.
Mismak Properties CEO Jasim Al Ali said: “We are very excited to have signed an agreement with Shangri-La Group, Shangri-La Hotel, Dubai is a landmark property located at the heart of the dynamic city.
“The acquisition of the hotel tower earlier this year presents Mismak Properties with an unprecedented opportunity to add significant value to our portfolio of hospitality assets.
“Shangri-La Hotel, Dubai is an iconic part of the UAE’s hospitality landscape, and we are delighted to add the property to our portfolio.”
Shangri-La Group Middle East, Europe, India and the Americas regional chief executive officer Oliver Bonke added: “We are honoured to continue to create moments of joy for our guests in Dubai, with Shangri-La Group’s heartfelt hospitality.
“Shangri-La Hotel, Dubai has been operating successfully for 16 years in a highly competitive environment and continues to achieve results that support our positioning as market leaders.”
In a separate development, Atlantis, The Palm in Dubai, UAE has become the first resort in the Middle East to receive the Sharecare VERIFIED health security certification.
It is one of the 30 hotels around the world to receive the certification.
The Sharecare Health Security VERIFIED was developed by Sharecare and the Forbes Travel Guide in order to check the cleaning regimen of the hotel.
Mismak Properties to manage the Shangri-La Hotel, Dubai. Credit: Photo Mix from Pixabay.