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SIR ROCCO


look ABU DHABI s to


The famous hotelier is taking talk of over-supply in his stride, writes Jonathan Sheikh-Miller


L


aunching a new five-star hotel in the very week one of the key property developers in your chosen destination decides to scale back one of the city’s main future tourist attractions is pretty unfortunate timing.


But that was the fate which befell British hospitality tycoon


Sir Rocco Forte last month when he launched the Rocco Forte Hotel Abu Dhabi. However, Sir Rocco isn’t alone in opening a new property at a time when the UAE capital is seemingly adopting a cautious approach to building up its tourism sector. New hotels such as the Monte Carlo Beach Club, the $250 million Park Hyatt, Jumeirah at Etihad Towers and Starwood’s St.Regis have all either already opened their doors or are about to greet their first visitors. The Abu Dhabi Real Estate Overview


Q3 2011 by real estate services firm Jones Lang Lasalle predicts that around 2,000 new hotel rooms will be added to supply in Abu Dhabi either by the end of this year or early in 2012. At present there are around 12,000 hotel rooms in the city and this is expected to grow by 50 per cent to around 18,000 by late 2013. The fact the Tourism and Development Investment Company (TDIC), the joint


80 / DECEMBER 2011


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