CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, for the development of an Andaz-branded hotel at La Mer—a vibrant lifestyle district in the coastal area of Jumeirah. Expected to open in 2020, the property will become the first Andaz-branded hotel in Dubai and the second Andaz hotel in the United Arab Emirates, joining Andaz Capital Gate Abu Dhabi (expected to open in Q4 2018).
Delivering thoughtful, unscripted service for curious-minded guests in search of inspiring local experiences, Andaz Dubai La Mer will offer distinct experiences that immerse guests in the sights, sounds and tastes of Dubai. The hotel will also offer easy access to globally recognized landmarks such as the Dubai Mall, Burj Khalifa and the Dubai Frame.
HE Hesham Abdulla Al Qassim, CEO of wasl Asset Management Group, commented, “We are always seeking to add value to Dubai’s hospitality market with stand-out projects in iconic locations. This new venture with Hyatt is yet another seal of quality that aligns with our vision to offer superior real estate and lifestyle options to enhance the guest experience. Andaz Dubai La Mer will enrich our portfolio and introduce more than 150 rooms and suites in the dynamic area of Jumeirah.”
“At Hyatt, we are committed to offering meaningful experiences to our guests and bringing the right brands to the right places,” said Ludwig Bouldoukian, Hyatt’s Dubai-based regional vice president of development, Middle East and North Africa. “We’re excited to introduce the Andaz brand to Dubai, as we believe the brand will bring to life the culture of this vibrant city. Given its location at La Mer, the hotel will provide the ideal setting for visitors looking to experience the ultra-modern, design-led façade of Dubai, something that will be integrated in the hotel’s character. It is a pleasure to continue our work with wasl Asset Management Group to realise this vision.”
Andaz Dubai La Mer will feature 156 rooms and suites, with 409-square-foot (38-square-meter) residential-style guestrooms highlighting key elements of the city through décor and design. To add to the area’s thriving culinary scene, the hotel will offer two restaurants and a rooftop bar and pool area with stunning panoramic views. Meeting facilities, available to guests and locals, will encompass two residential-style studio rooms.
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
About Andaz
Global in scale while local in perspective, the Andaz brand of luxury lifestyle hotels weaves the sights, sounds, and tastes of each property’s surroundings for a distinct experience. Through thoughtful, unscripted service, Andaz hotels enable guests to go beyond the familiar and satiate their curiosity while immersing them in the spirit of the eclectic culture around them. Seventeen Andaz hotels are currently open: Andaz 5th Avenue and Andaz Wall Street in New York, Andaz San Diego, Andaz West Hollywood, Andaz Napa, Andaz Scottsdale Resort & Spa, Andaz Savannah, Andaz Maui at Wailea Resort, Andaz Ottawa ByWard Market, Andaz Mayakoba Resort Riviera Maya, Andaz Costa Rica Resort at Peninsula Papagayo, Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht, Andaz Singapore, Andaz Delhi, Andaz Xintiandi in Shanghai, and Andaz Tokyo Toranomon Hills. For more information, please visit andaz.com. Follow @Andaz on Facebook, Twitter and Instagram, and tag photos with #WhenInAndaz.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 14 premier brands. As of September 30, 2018, the Company's portfolio included more than 750 properties in more than 55 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound Collection by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt Residence Club® and Exhale® brand names. For more information, please visit www.hyatt.com.
About wasl Asset Management Group
wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (DREC) in 2008 to oversee the management of its assets and grow its real estate portfolio. Through its three subsidiaries; wasl properties, wasl hospitality & leisure and Dubai golf; wasl operates in various real estate, lifestyle, leisure, hospitality, and business sectors. wasl’s main objective is to strengthen Dubai’s position as the premier hub to live and work in and at the same time be the ultimate destination for tourists. For further information please visit: www.wasl.ae
FORWARD-LOOKING STATEMENTS
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