TI'ME to expand into Qatar 02.10.2013: UAE hospitality group to manage first property in Qatar; new business

UAE hospitality group to manage first property in Qatar; new business hotel under development in expanding port city of Wakra near Doha


UAE-headquartered hospitality company, TI’ME Hotels Management, is expanding into Qatar with the development of a new 114-room four-star hotel located in the rapidly emerging industrial belt of Wakra, close to the capital, Doha.


The nine-storey TI’ME Rako Hotel is set to open in mid-2015 and will feature a grand lobby, two restaurants including one all-day dining outlet, banquet space with capacity for 500 guests, a gym, rooftop swimming pool and sauna along with individual male and female treatment rooms, several retail outlets and 460-square metre penthouse suite.


“Wakra is a key destination for Doha’s expanding maritime sector with its strategic location close to the new under-construction container port which will replace the existing Doha Port upon completion of phase one in early 2016. This will place us in prime position to capture port-related business,” said Mohamed Awadalla, CEO, TI’ME Hotels.


The Gulf state’s hosting of the 2022 tournament has been the catalyst for US$130 billion worth of infrastructure development with the new Doha airport pegged for a 2014 operational green light and US$65 billion investment into new hotel product totaling around 85,000 rooms to accommodate a forecasted 3.7 million visitors per annum within the next decade.


“One of the FIFA World Cup 2022 stadiums will also be sited in Wakra, with the expansion of the existing local football club’s multipurpose venue, and will also be part of the US$35 billion metro and rail network, so the long term commercial potential is substantial,” he added.


To strengthen its presence in the Qatar market further, TI’ME Hotels participated yesterday in the 7th Annual Middle East Hospitality Expansion Congress (MEHEC) which was held at the InterContinental Doha, in Qatar.


   

About TIME Hotels Management:

TIME Hotels Management is well-capitalised with significant management expertise and has ambitions to evolve into one of the leading hospitality businesses in the UAE.

TIME Hotels Management are owned by the public shareholding company Gulf General Investment Company (GGICO) and Investment Group Private Ltd (IGPL).


TIME currently manage the following properties:

•    TIME Oak Hotel & Suites in Al Barsha, Dubai
•    TIME Grand Plaza Hotel in Al Qusais, Dubai
•    TIME Opal Hotel Apartments, Dubai
•    TIME Crystal Hotel Apartments, Dubai
•    TIME Topaz Hotel Apartments, Dubai
•    TIME Ruby Hotel Apartments, Sharjah


The properties comprise a total of 745 rooms, and employ over 400 staff.



Nathalie Visele, Shamal Marketing Communications Dubai, also photos