Hotel News Resource

Monday, March 3, 2008

Dubai firm seeks partners for $2 bln Islamic hotels

DUBAI, March 3 (Reuters) - Dubai-based Almulla Hospitality said on Monday it is seeking partners for a $2 billion plan to develop a hotel chain that complies with Islamic law, including a ban on alcohol.

"The market for Islamic hotels is currently fragmented due to lack of professional management and we recognise the growing need for a professionally-operated international hotel chain which operates on Islamic principles," the firm's chairman Abdulla Mohamed Almulla said in the statement.