Asteco Signs M"ovenpick to Manage Four Hotels in Dubai
DUBAI, UAE, April 11, 2006. The acquisition of the new properties means that by 2008 the international Swiss hotel chain will operate on no fewer than nine hotels in the United Arab Emirates. It began with the successful operation of the M"ovenpick Hotel Bur Dubai, followed by a further four hotels currently under construction in Dubai. M"ovenpick Hotels & Resorts is thus one huge step closer to its expansion objectives in the Gulf region, underlining its reputation as the fastest growing hotel chain in the Middle East.
Asteco, the largest property management company in the United Arab Emirates, has become synonymous with quality real estate development. The Company was founded by Sultan Bin Sulayem in 1985 and has helped to define the landscape and physical infrastructure of 21st century United Arab Emirates through its involvement in many major projects.
"We're very proud to be associated with Asteco and the company's chairman Sultan Bin Sulayem", says Jean Gabriel P'er`es, President & CEO of M"ovenpick Hotels & Resorts. "Asteco is renowned for their outstanding professionalism, expertise and service throughout the region."
"Numerous international awards, loyal and satisfied guests underscore the strengths of M"ovenpick Hotels & Resorts", adds Sultan Bin Sulayem, President of Asteco. "Culinary competence, highly trained staff that pampers the guests with the highest levels of service standards and product quality are the mainstays of the company's success and we look forward to a successful co-operation."
Two exclusive M"ovenpick resorts are currently being built on the Palm Jumeirah, a revolutionary billion dollar project featuring a man-made palm tree shaped island built out into the sea.
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