Makaseb Holding, an investment and development company in Middle East, in association with Tasees, the subsidiary real estate development and investment arm of Tamerat Almousa Group, has appointed…
Makaseb Holding, an investment and development company in Middle East, in association with Tasees, the subsidiary real estate development and investment arm of Tamerat Almousa Group, has appointed Sanctuary Hotels and Resorts to manage its AED 1 billion Quattro West Hotel and Business Park.
Under the terms of the agreement, Sanctuary Hotels and Resorts, a British operator of hotels, resorts and residences, will provide comprehensive management services for the project in Jumeirah Village.
On completion in 2009, Quattro West Hotel and Business Park will comprise a luxury five-star hotel with 350 rooms, an exquisite shopping mall with brand showrooms from all over the world, an office tower that has 45 floors of Individual Freehold office units, and a hotel apartments block with 260 premium hotel apartments.
Eng. Hesham Abdel Ghani, Founder, Makaseb Holding, commented, “We wanted to ensure that we had a very professional company to manage our developments, as excellent management services prevent many issues and keeps visitors, residents and investors happy. Our partnership with Sanctuary Hotels and Resorts will ensure a total life-cycle of care for the development, as we believe that the relationship between a successful developer and investor does not end at project delivery.”
“We are delighted to have been appointed to work with Makaseb for such a huge project, and we will offer a unique vision that is underscored by our commitment to creating sanctuary moments. We have already provided first class management services for some of the world’s most distinctive hotels, resorts, and residences, and we look forward to generating a similar reputation in the Gulf region,” said Peter Blackburn, CEO, Sanctuary Hotels and Resorts.
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