Hyatt Regency Dubai is a luxurious hotel that is located in the heart of Deira. The hotel offers guests a comfortable stay with its modern infrastructure, exceptional services, and amenities.
But have you ever wondered who owns this magnificent hotel? In this article, we will take a closer look at the owner of Hyatt Regency Dubai.
History of Hyatt Regency Dubai
Hyatt Regency Dubai opened its doors to the public in 1980 and has since then been one of the most popular hotels in Dubai. The hotel boasts of 421 rooms and suites, which are spread over 25 floors. The establishment is conveniently located near the airport, making it an ideal destination for business travelers and tourists.
The Owner of Hyatt Regency Dubai
Hyatt Regency Dubai is owned by Al Futtaim Group Real Estate LLC. It is a subsidiary of Al Futtaim Group, which is one of the largest privately-owned conglomerates in the United Arab Emirates (UAE). The group has a diverse portfolio that includes automotive, real estate, retail, and hospitality industries.
About Al Futtaim Group
Al Futtaim Group was founded in the 1930s by Abdulla Al Futtaim. It started as a small trading business but has since grown to become a massive corporation with operations in over 20 countries. The group employs over 44,000 people and has an annual turnover of around $9 billion.
Al Futtaim’s Role in Hospitality Industry
The hospitality sector is one of Al Futtaim’s key areas of interest. They have several hotels and resorts under their portfolio across different regions worldwide. Hyatt Regency Dubai is just one among them.
Conclusion
In conclusion, Hyatt Regency Dubai is owned by Al Futtaim Group Real Estate LLC, a subsidiary of Al Futtaim Group. The group’s diverse portfolio includes several industries, including hospitality, where they have a significant presence. If you are planning to visit Dubai and looking for a luxurious stay, Hyatt Regency Dubai is an excellent choice for you.
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