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Reef Real Estate, Rydges Hotels Ink Deal

DUBAI - In a significant development, Reef Real Estate Investment Company signed an operator agreement with Rydges Hotels and Resorts for two of its upcoming projects namely Crystal Tower at Business Bay and Al Wadi Hotel & Residence at Mizin project, Dubailand.

Shaikh Ahmed Mohamed Zayed bin Saqr Al Nahyan, Managing Director, Reef Real Estate said at the signing ceremony, “We have enjoyed significant growth in the past few months. There are a lot of exciting projects underway. We are glad to appoint Rydges Hotels and Resorts as the operator for two of our most eagerly awaited properties. We believe it will ensure our customers the highest standards in terms of product and service.”

Rydges Hotels and Resorts is a rapidly expanding Australian-owned hotel chain with over 30 hotels in Australia, New Zealand, UAE, Thailand and the UK.

Peter Hill, Director of Development – Rydges Hotels and Resorts, said, “We are definitely very excited about having the opportunity to operate these projects . We are continuously looking to exploit new and emerging opportunities. Our strategy is to have a strong presence in all growing cities like Dubai and these deals will provide us unprecedented access to the region.’

aneela@khaleejtimes.com