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Rotana Hotels to invest $750M on Middle East expansion

According to multiple outlets, including Gulf News and the Khaleej Times, Abu Dhabi-based Rotana Hotels will open seven new hotels in 2012, as it earmarks $750 million in investment in order "to maintain its position as the largest hotel brand in the region."

Gulf News reports that, " Abu Dhabi-based Rotana Hotels and Resorts said it will embark on a $750 million (Dh2.75 billion) investment programme.Rotana will open seven new hotels this year including its first properties in Bahrain and Jordan and its second hotel in Qatar and will expand its portfolio in the UAE with four more hotels.The expansion will result in Rotana managing around 14,000 rooms across its properties by the end of this year.Rotana also expects a 6 per cent increase in occupancy rates across its portfolio of hotels in the region over 2011."

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