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Premier Inn secures site for fourth hotel in the UAE
Thursday, July 12, 2007
Premier Inn, the UK`s bhotel brand, has secured a prime location to build its fourth hotel in the United Arab Emirates at Capital Centre - Abu Dhabi`s new strategically-planned micro city comprising hotels, retail zones, and residential and commercial towers.

On the plot, situated immediately opposite the Abu Dhabi National Exhibition Centre, Premier Inn will construct a 250-room hotel.

The purchase agreement for the plot was signed by Darroch Crawford, Managing Director PTI Gulf Hotels, Derek Swan, Emirates` Senior Vice President Business Development, Sanjay Tanna, Corporate Commercial Director of Capital Centre, and Mubarak Al Ameri, Deputy Commercial Director of Capital Centre.

Mr Tanna said: Premier Inn is an established brand with an excellent track record in providing a great value-for-money hospitality product. We are delighted that they have selected Capital Centre for their first property in Abu Dhabi. The Abu Dhabi National Exhibition Centre hosts a year-round flow of events and conferences; we are confident that the Premier Inn product will be popular amongst the many event delegates as well as other visitors to Abu Dhabi.

Mr Crawford said: We are pleased to have secured a prime plot in Abu Dhabi`s Capital Centre. Capital Centre`s excellent infrastructure and proximity to Abu Dhabi`s superb new events facility makes it an ideal location for Premier Inn. We look forward to breaking ground at the site later this year.

Premier Inn`s first property in the UAE will be a 308-room hotel in Dubai Investment Park, currently under construction and scheduled for completion in first quarter 2008. It has also secured sites in Garhoud close to Dubai airport and in the Dubai Silicon Oasis.

Mr Swan said: Demand from travellers seeking high-quality budget hotel accommodation in the UAE has been growing in tandem with the booming economy and massive tourism developments. Premier Inn is well-positioned to service this demand. We are on track with our plan to bring 830 new rooms into the market over the next 18 months, and launch some 5,000 rooms throughout the GCC over the next five years.
Rania Deimezi - Thursday, July 12, 2007
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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