Emaar Hospitality Group has taken over management of two additional Dubai hotels, the Al Manzil and Qamardeen, from Southern Sun Hotel Group, for an undisclosed amount.
The company said in a statement that the four-star deluxe Old Town properties, the 197-room Al Manzil and the 186-room Qamardeen, will retain their brand identities and that with these acquisitions the group now operates seven hotels in Dubai.
Emaar Properties chairman Mohamed Alabbar said tourism and hospitality are the key growth drivers in Dubai, and over the years, the group has acquired strong competencies in the hospitality and leisure sector through its assets in Dubai.
"With Emaar Hospitality Group assuming the management of Al Manzil and Qamardeen, we are looking at introducing the home-grown capabilities achieved by our hospitality subsidiary and offer a differential lifestyle experience for our guests," Alabbar added.
The group already owns five Address Hotels + Resorts, while its parent company Emaar Properties operates the Armani Hotel Dubai in Burj Khalifa.
The hospitality and leisure business of Dubai-based Emaar generated AED1.22 bn ($332m) to the company’s annual revenues in fiscal 2011, and AED403m ($110m) in the first quarter of 2012.
Southern Sun Hotel Group, an arm of South African operator Tsogo Sun, had been operating both the properties over the last six years.
Southern Sun Middle East managing director Richard Weilers said that the company was able to cement Al Manzil and Qamardeen hotels as highly preferred properties in Dubai’s hospitality scene.