Malaysian hotel management company, Ri-Yaz Hotels & Resorts, is looking at expanding westwards into the Middle East, with three hotel management contracts currently under negotiation.
Ri-Yaz group CEO, Shaheen Shah, said: “The Middle East looks like a promising market as they like (friendly) Malaysian hospitality. “The first step is to set up an office with a local partner in Dubai by June. After that, we can then source for more hotel management contracts.”
Ri-Yaz has also recently signed three management contracts for hotels in India. Currently under construction in Tirupati, Agra and Visakhapatnam, the hotels are scheduled to begin operations in 2016, said Shaheen.
In the pipeline are plans to manage another three hotels in Indonesia, one in the Maldives and five in Malaysia by 2015, all of which are currently under construction.
Ri-Yaz is projected to manage a room inventory of just over 3,000 by 2015.
-TTG Asia.
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