Sobha Group to Enter the Hospitality Sector
MAY 27, 2008. India and Dubai real estate firm Sobha Group has announced plans to build and operate a chain of hotel properties across the Sub Continent, Middle East and East Africa.
The Group wants to develop at least 10 five-star properties in the next five years, with two hotels earmarked for Dubai, six for India, and one each in Oman and Zanzibar. Sobha Hotels will benchmark against the best resort properties and luxury hotels in the region, according to Ajay Rajendran, Vice Chairman, Sobha Group.
Ajay Rajendran said, "We have been outfitting palace interiors for a long time and know all about creating high-end interiors. Our hands on experience in the residential and commercial buildings, their planning and building maintenance has given us adequate exposure to Build and operate concept of Project Management. It is now our aim to transfer our expertise to the hospitality sector, to create a chain of five-star properties under the brand Sobha Hotels."
"Sobha Group is all about high quality finishes and on-time completion. These pillars, coupled with Sobha's unique service delivery, will make Sobha Hotels an international-standard chain with a very local flavour," he added.
Sobha Group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open in 2010. The Group has plans to develop a portfolio of 2,500 rooms.
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