Dubai Holding plans land sale for mid-range hotels | The National

Dubai Holding plans land sale for mid-range hotels | The National:



"Dubai Holding has identified 40 plots across its Tecom business parks and Dubai Properties Group districts for the development of mid-range hotels.



Forty hotels with a total of 7,500 to 8,500 rooms are expected to be built on the plots.



Eighteen of the plots are located in Tecom parks and the rest across Dubai Properties Group areas.



Dubai Holding expects construction to start in 12 to 18 months, with the hotels opening in two or three years.



“These packages offer an excellent opportunity for Emirati small and medium businesses and entrepreneurs,” said Ahmad bin Byat, the chief executive of Dubai Holding."



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