Dubai-owned firm to open 4 mid-priced hotels next year

Dubai

A COMPANY owned by Dubai's government plans to open four hotels in the emirate next year to expand the supply of mid-priced rooms in a market dominated by luxury accommodation, its chief executive officer said.

Wasl Asset Management's Hesham Abdullah Al Qassim said the three-star properties will each have 150 to 200 rooms and will be managed by Hilton Worldwide Holdi…