AccorHotels has signed an agreement with Mawarid Finance to develop an ibis Styles hotel in Al Jaddaf as part of a mixed-use development that will also include Mawarid Finance’s new headquarters in Dubai.
The 200-key ibis Styles, located in the Al Jaddaf area, marks the beginning of a partnership between AccorHotels and Mawarid Finance, a finance and investment company backed by more than 350 prominent families and institutions from the UAE and the Gulf.
Mohamed Al Nuaimi, managing director and chief executive officer of Mawarid Finance, said: “This is an exciting step forward for Mawarid Finance. Al Jaddaf is an up-and-coming business district home to established brands and
companies that we believe shall embrace the value and service proposition offered by the ibis Styles brand. We are delighted to commence this partnership and we are convinced AccorHotels Middle East is the ideal operator to make the hotel’s modern design, attractive facilities and great location match the needs of Dubai’s leisure and corporate guests.”
Olivier Granet, managing director and chief operating officer of AccorHotels Middle East, added: “We are delighted to embark upon the development of such a differentiated project and bring to life the ibis Styles Mawarid HQ. The
unique nature of this development, combining office and hotel amenities in a single complex, will enable AccorHotels to further diversify our network of individually designed ‘lifestyle’ hotels and continue catering to business travellers within the region.”
Ibis Styles Al Jaddaf will be developed in close proximity to the upcoming Cultural Village project alongside other well-known retail destinations in Dubai such as WAFI Mall, Deira City Center and Dubai Festival City.