The Germany based Dubai 1000 Verwaltung company has established the Dubai 1000 Hotel Fund to build a four-star Rezidor SAS hotel project in Dubai with 1,050 beds. The investment and equity will be 143m euros. Equity investments will start from 10,000 euros with completion scheduled for mid-2007 (see German Trade Review for more details). [AMEInfo.com]
Posted July 13, 2005
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