Rosewood Announces First Hotel in Dubai

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. October 14, 2008

MAY 29, 2007. Rosewood Hotels & Resorts announced that it has signed a management contract with developer JMJ Hospitality and U.A.E.-based Daman Investments PSC to manage a new ultra-luxury hotel in Dubai.

Opening in late 2009, Rosewood Dubai will combine a world-class hotel, stunning residences and a spectacular grand ballroom, all located in what is known as today's world premier business and leisure destination.

Housed within the Dubai International Finance Center, Rosewood Dubai will include 157 deluxe guest rooms, 36 suites and a magnificent Royal Suite. Boasting two fine-dining venues, an exquisite ballroom, a state-of-the-art business center and a Rosewood Spa with a rooftop pool and fitness center, the hotel will redefine Dubai's highest standards of ultra-luxury hospitality. The development will also include some of Dubai's most luxurious new real estate offerings - 55 Rosewood-branded and managed residences, which will be released for sale later this year.

Speaking on behalf of Daman Investments, Mr. Shehab Gargash stated, "We are very proud to announce our relationship with Rosewood and JMJ in the development of the first Rosewood property in the U.A.E. The Rosewood brand is an international symbol of quality and luxury in the hospitality industry and is an ideal hotel to anchor the development values that we have set for ourselves from our project's initial concept stage. JMJ are an equally prestigious name to have and hold the unique position of being the first U.S. hotel developer to enter the market. They have a great familiarity with international development and deep knowledge of the Rosewood product. The JMJ team brings with them a wealth of ultra-luxury experience and industry knowledge as they enter the U.A.E. market. We see this as not only an important step for our project, but a strong signal for heightened investment interest in the future for D.I.F.C. and Dubai."

Commenting on the project, President and Managing Director of JMJ Hospitality, Mr. Christopher Knable said: "We made numerous trips to the region and visited many sites before taking this step. Having done that, we believe in the future of Dubai, which is one of the world's premiere destinations, particularly for our focus on ultra-luxury. We have worked with Rosewood on other international projects and when the opportunity came to invest in a project as well planned and prestigious as The Buildings by Daman we had no hesitation in making this our first choice. This endeavor between Daman, Rosewood and JMJ is an excellent match in terms of a clear commitment to excellence that governs all three groups."

"We are delighted to announce our first project in Dubai and we are excited to be working with Daman and JMJ Hospitality on this stunning project," said Mr. John M. Scott III, President and Chief Executive Officer for Rosewood Hotels & Resorts. "Based on our positive experience in Riyadh with our award-winning Al Faisaliah Hotel, A Rosewood Hotel along with Rosewood Corniche which opens this summer in Jeddah, Dubai is a natural next step in further establishing our brand throughout the Middle East region. Furthermore, the location of Rosewood Dubai itself within Dubai International Financial Centre aligns well with our strategy of placing Rosewood hotels and resorts in key business and leisure destinations."