UAE-headquartered hospitality company TIME Hotels has revealed ambitious expansion plans, with the company increasing its portfolio by 40 per cent to 21 properties throughout the UAE, Saudi Arabia, Egypt and Sudan by 2023.
The announcement was made ahead of the company’s participation at this week’s Arabian Travel Market, which takes place at the Dubai World Trade Centre from May 9-12, with TIME adding six additional properties to its portfolio in Fujairah, Saudi Arabia, Sudan and three in Egypt, all of which will be showcased at the event.
“Following the challenges of the last two years, we have seen unprecedented demand for additional rooms in key territories in the region. This, combined with our in-depth market research, has underscored the need for new, quality-driven, value accommodation,” said Mohamed Awadalla, the co-founder and CEO of TIME Hotels.
“We have witnessed resounding success throughout the UAE, Egypt, and Saudi Arabia, and we feel now is the time to expand for the company’s future success. With six new properties, totalling 781 keys, this is an important time for our expansion and growth both regionally and internationally.”
As part of the company’s expansion plans, TIME Hotels will expand its offering in the UAE with the launch of the TIME Moonstone Hotel Apartments in Fujairah, located just 10 minutes from a host of amenities, including Fujairah Mall, City Centre Fujairah, and the Fujairah Corniche. The 91-key property, which was scheduled to open last week on May 1, features 13 one-bedroom and 78 two-bedroom apartments, an all-day dining restaurant, a gym, and saunas and steam rooms.
The company will also expand in Egypt with three new properties, including the 117-key Marina Hotel & Convention Centre on the North Coast, which is expected to open in Q2 2022. The hotel will have three restaurants, including all-day dining, an Italian and O’Learys Sports Restaurant, as well as a rooftop lounge. Guests will have access to a range of spa facilities, a 750 sqm swimming pool and a gym. The hotel will also cater to the MICE market with a 700-person capacity convention centre.
TIME will also open the 201-key five-star TIME Coral Nuweiba Resorts located on the Red Sea. The resort features five restaurants and a range of amenities, including a private beach, pool, and kids’ facilities and will officially open under the TIME banner in Q3 2022.
The final property in Egypt is the TIME Nakheel Deluxe Apartments (pictured), located in the New Capital. The 216-key property is scheduled to open its doors in Q1 2023.
In Saudi Arabia, TIME has unveiled plans to open the 57-key TIME Express Al Olaya in the Saudi capital. The Riyadh property, which will target the budget-conscious traveller, will include a restaurant, a range of leisure amenities and a lively rooftop terrace with a shisha area and dining options.
Rounding out the new openings is TIME’s foray in the Sudanese market with the TIME Ahlan Hotel Apartments in Khartoum. The 57-key property will be home to a coffee shop, meeting rooms, a rooftop terrace, a swimming pool, a gym, and a juice bar.
TIME Hotels will be exhibiting on stand HC0620 during this week’s Arabian Travel Market.