UAE-based Al Waleed Investment Group has announced the opening of its Dh100 million ($27.2 million) Lemon Tree Dubai Hotel, marking the brand's entry into the UAE.

The 114-room hotel, located on Al Wasl Road in Jumeirah and close to the prominent landmarks of Dubai such as Burj Al Arab and Burj Khalifa, will be managed by Lemon Tree International.

The hotel includes a specialty restaurant serving different oriental and western cuisines, an outdoor lounge, a conference hall, a swimming pool, a wellness centre, and other facilities within the three-star mid-range.

Mohammed Abdul Razzaq Al Mutawa, CEO of Al Waleed Investment Group, said: "The local market in Dubai in various economic sectors is particularly engaging and has continued to gain interest from international companies that aspire to win the best investment opportunities in light of the growing demand for the local environment. Its appeal includes security, safety, better returns, and a competitive global position."
 
Rattan Kiswani, deputy general manager of Lemon Tree Hotels & Resorts, said: "We are delighted to enter the hospitality market in Dubai, with the management of the first distinctive hotel facilities in the emirate. Lemon Tree Dubai, a subsidiary of Al Waleed Investment Group, provides an exceptional experience in raising our ambitions for further activity and expansion in the UAE hospitality market." - TradeArabia News Service