Four Seasons Hotels and Resorts, the luxury hotelier in which Saudi Arabia’s Prince Alwaleed Bin Talal’s Kingdom Holding Company owns a 47.5 percent stake in, is set to announce its first property in Dubai, the company has confirmed.
“Four Seasons Hotels and Resorts can confirm that we are close to making an announcement on a project in Dubai. Once all details are in place, we will be happy to discuss this exciting development which will be a great addition to the portfolio,” a spokesperson said in a statement on Monday.
The Canada-based hotelier did not give any further details of its plans in Dubai, but the property is part of wider expansion in the region.
“Four Seasons already operates nine hotels in the Middle East and has several others in the pipeline, including in Abu Dhabi, Jeddah, Bahrain, Kuwait and a second property in Doha. Four Seasons looks forward to our announcement of Dubai, a major hub for leisure and business travellers from all over the world,” the statement added.