Makaseb Holding, a leading regional investment and development company, together with Tasees, has announced the appointment of Sanctuary Hotels and Resorts as the managing company for its Quattro West Hotel & Business Park project, worth one billion dirhams.
Under the terms of the contract, Sanctuary Hotels & Resorts, the UK's leading hotel, resort and housing project operator, will provide comprehensive Makaseb project management services in the Jumeirah Village area.
Upon completion of construction in 2009, Quattro West Hotel and Business Park will include a five-star luxury hotel with 350 rooms, a sophisticated shopping center with branded shops and boutiques from all over the world, an office 45-story tower with private offices acquired on the basis of freehold, block hotel apartments with 260 elite serviced housing units. The five-story podium, uniting the entire complex, will house a shopping center, a banquet hall, a convention center, a business center and covered parking.
Engineer Hisham Abdel Ghani, founder of Makaseb Holding, said: “We wanted a professional company to manage our projects, as excellent management prevents many problems and allows guests, residents and investors to feel satisfied and happy. Our partnership with Sanctuary Hotels & Resorts will guarantee complete and comprehensive care for our new project, since we believe that successful cooperation between the developer and investor does not end at the time of commissioning of the object. "
The new multifunctional project will be located among lush landscaped gardens, interconnected parks and boulevards, offering a wide variety of conditions for living and recreation. The project will occupy a site of 103 thousand square feet, and the total built-up area will be equal to one million feet.
"We are very pleased that Makaseb has appointed us the managing company of such a grandiose project. And we, in turn, will offer Makaseb our unique vision, which is underlined by our network philosophy - to create holy and memorable moments in life. We already provide world-class services to many of the most interesting hotels, resorts and housing complexes in different countries, and we hope to earn the same reputation in the Middle East region, "said Peter Blackburn, General Manager of Sanctuary Hotels and Resorts.
Starting with a registered capital of AED 20 billion, Makaseb Holding is a joint venture between Rufi Group, Sharm Land Limited, A&A Investment and Quattro. Recently, the company has achieved tremendous success by launching its flagship projects - Quattro and Quattro West.
The UK-based Sanctuary Hotels & Resorts chain has recently launched operations in the Middle East, with the support of its local partners, Al Husam Group and First Merchant International, a subsidiary of First Gulf Bank. Sanctuary Hotels & Resorts will offer the market its experience in creating unique conditions for relaxation in a perfect atmosphere of peace and tranquility.
