Jumeirah 'Committed' to US Expansion

7837824822_4831486487_n

In spite of the upcoming sale of its only New York hotel, Essex House, Jumeirah recently told Hotelier Middle East it “remains fully committed to the US market.”

Jumeirah parent company, Dubai Investment Group (DIG), bought the Essex House in 2005 for $423.9 million, according to real estate research and information company Real Capital Analytics. The 509-room Art Deco hotel at 160 Central Park South was sold to Strategic Hotels & Resorts for around $375 million.

Jumeirah Group vice president of corporate communications Piers Schreiber acknowledged that Jumeirah does not have any upcoming properties in the US, but the group would continue to focus on America as a source market.

Essex House Hotel will be rebranded as the first JW Marriott in Manhattan after the transfer is complete on September 7.


 

Virtual Event

Pivoting Back to Travel, The Destination Weddings & Honeymoons Edition

2020 put the nuptial plans of thousands upon thousands of couples on hold, but with the promise of widespread vaccine distribution in the near future, it’s time to get back to planning and ensure your clients live out the destination weddings & honeymoons of their dreams. Hear from top suppliers and destinations on wedding venue & ceremony options, romantic destinations & resorts and more when you watch the event on-demand.
Read more on:

Suggested Articles:

Kempinski Hotels is offering a new room category, the Kempinski Fit Room, which it is gradually introducing in partnership with Technogym. Read more.

In Paris, Le Meurice and Hôtel Plaza Athénée have debuted new suites, while The Beverly Hills Hotel recently unveiled a completely refreshed spa.

Hotels are offering new spring programming, while a variety of restaurants and tasting rooms will also be opening shop. Here's the latest.