Moon Hotels to spend Dh367m in Dubai

DUBAI — Moon Hotels, the flagship brand of United Hotels, will spend an initial capital of Dh367.23 million ($100 million) to join the Dubai hospitality sector this year, and raise it to Dh1.84 billion ($500 million) within two years.

By (Staff Report)

Published: Wed 30 May 2007, 8:53 AM

Last updated: Sat 4 Apr 2015, 8:38 PM

"Our vision is to be one of the leader franchisees in the Middle East," said Jasim Al Bastaki, CEO of United Hotels. He added that United Hotels would be a public share holding company in five years. He said United Hotels would launch the first property by end-2007.

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