By Ed Attwood www.arabianbusiness.com
One of Emaar’s biggest hospitality brands, The Address, has confirmed that it is interested in expanding into the Indian market.
The UAE master-developer’s five-star hotel division oversees five properties in Dubai, including the four Address-branded hotels and The Palace, in Downtown Dubai.
In March this year, the firm announced plans to open a hotel in Bali, and it also has management contracts to operate resorts in Morocco and France.
“India’s hospitality sector is growing rapidly and the country is also one of the key markets for Emaar,” a spokesperson from The Address Hotels + Resorts told Arabian Business.
“Therefore, The Address Hotels + Resorts is open to potential opportunities in the hospitality sector of the country relating to hotel management agreements.”
Reports in the Indian press had quoted Marc Francois Dardenne, CEO of Emaar Hospitality, as saying that the firm was “at discussion stage with some companies” about opening a hotel in the country.
The Business Standard added that the first hotel was likely to be based in Delhi.
Parent company Emaar is already active in India via Emaar MGF, a joint venture run in conjunction with local firm MGF Development Ltd.