Bavaria Hotels to Operate New Project in Sharjah, UAE

Property Owned by Doha Real Estate Company

. October 14, 2008

DUBAI, UAE, June 11, 2007. Bavaria Hotels International Chief Executive Officer, Thomas H. F. Gertz, recently announced the signing of a contract to manage a new all-suite property in Sharjah for the Doha Real Estate Company.

"With two large-scale suite hotels already opening in Qatar and the UAE, Bavaria Hotels International is delighted to continue the trend of upscale all-suite hotels right here in the UAE" commented Mr Gertz. "The Sharjah property will be managed under the Executive Suites brand, signifying a 5-star product in a strategically excellent location."

The Bavaria Executive Suites brand of hotels represents full serviced luxury suite hotels for guests residing in a destination longer than the average traveller, or families who require fully equipped accommodation. The concept design is focused on quality accommodation and guest support services, together with food and beverage facilities. The first such property to open in the UAE will be Bavaria Executive Suites Dubai, scheduled to open during the last quarter of 2007 at Dubai Media City.

Upon signing the deal, Mr. Nadir Badruddin, Chairman of Doha Real Estate Company commented: "There are a number of international and regional hotel operators offering management services, but we selected Bavaria Hotels International for its combination of European quality and hospitality expertise combined with an in-depth understanding of local cultures, as well as its flexibility to incorporate the individual identity and character of each of the properties it operates. This is more than the management contract of a AED 500 million project, it is a partnership dedicated to providing the very best of services and facilities to our guests and to upholding the unique Arabian hospitality, combining tradition with modern hospitality."

Bavaria Executive Suites Sharjah will incorporate the corporate Bavaria Hotels International brands Caf'e Haus, Lifestyle Fitness, Personal Assistant and Business Club, in addition to spa and meetings facilities. With a strong technical and IT infrastructure, Bavaria Executive Suites Sharjah will deliver the ultimate high performance living and working environment incorporating four unique Product Lifestyles, namely: Modern Living, Wellness, Successful Business and a Commercial Centre with support services.

The futuristic office and meeting environment will be designed and created to exceed the demands and challenges of the future with smart technological features required by today's business traveller.

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