The developer of Saadiyat Island, Abu Dhabi, is to push back construction of several planned hotels in an effort to make the multibillion-dollar project commercially viable, according to the company's chief executive.
However the company is sticking with its master plans of building a total of 29 hotels across the island, albeit over a longer time frame.
"We're really rationalising the roll-out of our hotel developments," said James Pringle, the acting chief executive of TDIC in an interview with Abu Dhabi's The National.
"We were going to open bang, bang, bang, the Mandarin [Oriental], St Regis, a number of hotels. The original plan from two years or three years ago was just to build everything at once," he added.
Instead of opening everything in rapid succession the hotel with be more gradually rolled out so that the project can be "modulated in line with the global market, in line with global economic realities, so I think TDIC today is much more commercially focused," Pringle added.
http://www.breakingtravelnews.com/news/article/tdic-to-delay-roll-out-of-saadiyat-hotels/
However the company is sticking with its master plans of building a total of 29 hotels across the island, albeit over a longer time frame.
"We're really rationalising the roll-out of our hotel developments," said James Pringle, the acting chief executive of TDIC in an interview with Abu Dhabi's The National.
"We were going to open bang, bang, bang, the Mandarin [Oriental], St Regis, a number of hotels. The original plan from two years or three years ago was just to build everything at once," he added.
Instead of opening everything in rapid succession the hotel with be more gradually rolled out so that the project can be "modulated in line with the global market, in line with global economic realities, so I think TDIC today is much more commercially focused," Pringle added.
http://www.breakingtravelnews.com/news/article/tdic-to-delay-roll-out-of-saadiyat-hotels/