Hotel management contracts up for grabs

International hotel companies will be competing keenly for the rights to manage three hotels on Qatar's Pearl of the Gulf development.

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By  David Ingham Published  April 7, 2004

Three hotel management contracts are up for grabs at Qatar’s new mega development, The Pearl of the Gulf. The hotels, which are described as ‘luxury’ will have a minimum of 900 rooms between them. Khalil Sholy, managing director of United Development Company (UDC), developer of the Pearl, confirmed that there have been talks with major hotel groups, but that no contracts have been awarded. Qatar is one of the region's emerging travel destinations. Last year, revenue per available room (revPAR), a key measure of hotel performance, stood at a healthy $70. Its average hotel occupancy rate stood at 69.9%. The Pearl of the Gulf is a landmark development for Qatar and is a key part of Qatar's strategy to attract more business and leisure visitors. It will involve the construction of a 400 hectare artificial island, at a cost of $2.5 billion. The island will boast a total of 7,600 residential units, which foreigners will be legally allowed to buy for the first time in Qatar’s history. “The Pearl of the Gulf has been designed to include all the latest facilities and services in an exclusive island retreat,” says Hussein Al Fardan, chairman of UDC.

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