Armani Hotels & Resorts, born of the collaboration between Dubai-based global property developer Emaar Properties and Giorgio Armani S.p.A, announced that construction for the Armani Hotel Milano, its flagship property in Italy, is now underway. The exclusive property will open doors in 2010.
Billed as a modern luxury hotel with a distinctive appeal offered by its unique location, heritage value and design, the Armani Hotel Milano will occupy floors 2 to 8 of the existing building and will feature guest rooms and suites, a business centre, a restaurant, lounge bar, spa and wellness facilities. The first two floors and the basement will continue to house the existing Armani/Via Manzoni 31 retail area and restaurants; the brands and dining areas here include Emporio Armani, Armani Jeans, Armani/Casa, Emporio Armani Cafe, Armani/Nobu, Armani/Dolci and Armani/Fiori among others. The stores and restaurants will function as normal throughout the period of construction of the hotel.
The Gulf's hospitality industry witnessed strong growth in room revenues in the first nine months of the year despite declines in occupancy rates in certain parts of the region.
Editor| Key Take Aways...
1. The emirate plans to double its room stock by 2012, to over 26,000 rooms from its current stock of 12,000
2. The STR Global report ranks Dubai first in terms of average revenues per room followed by Paris, New York, London and Rome.
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