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Showing posts with label Hotel. Show all posts

Dubai's Emaar sells hotel to Abu Dhabi firm

DUBAI | Sat Sep 29, 2012 3:23am EDT

DUBAI (Reuters) - Dubai's Emaar Properties EMAR.DU, the builder of the world's tallest tower, has sold one of its hotel assets to an Abu Dhabi-based real estate firm for an undisclosed amount.

Eshraq Properties ESHR.AD said in a statement on Saturday that it has acquired Nuran Marina, a serviced hotel apartment owned by Emaar and located in the up-market Dubai Marina area.

Emaar was not immediately available for comment.

Dubai's largest developer has looked to shift away from its home market where real estate prices have slumped by more than 60 percent in the aftermath of the debt crisis in 2009.

Emaar's chairman, Mohammed Alabbar, had denied reports in October last year that it was looking to offload its Al Manzil and Qamaradeen hotels.

The developer announced plans this month to build a new hotel in the Dubai's high-end Downtown area, its first major hotel project since the property crisis.

Eshraq, which has assets of about 1.5 billion dirhams, listed on the Abu Dhabi Securities Market .ADI in September last year. It raised 825 million dirhams ($225 million) in an over-subscribed initial public offering (IPO).

Eshraq said it would carry on with its strategy to acquire other real estate projects in the country.

(Reporting by Stanley Carvalho; Writing by Praveen Menon; Editing by Angus McDowall and Robert Birsel)


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Hotel Hell: TV Review

Hotel Hell The Cambridge Hotel Staff with Ramsey - H 2012

Celebrity chef Gordon Ramsay brings his trademark fury and perfectionism to subpar American hotels and inns, with satisfying results.

Executive Producers:

Ben Adler, Patricia Llewellyn, Gordon Ramsay, Adeline Ramage Rooney

Airdate:

8 p.m. Monday, August 13 (Fox)

The high-profile restaurateur Gordon Ramsay has returned to the helm for his fourth series on Fox. The intense Brit's familiar face has become a prolific brand for the network, and Fox's impulse to install him in a new scene -- hotels, inns and B&Bs -- was a good one. Ramsay is a stern bringer of hope to unsightly environments, the horrors of which Hotel Hell relishes in uncovering. Although Ramsay can be coarse and prone to fits of anger, he is always fair in his assessment and restructuring of unfortunate establishments.

The two-part pilot is slated to run on consecutive nights, and it showcases a crackerjack story right out of the box. The beleaguered Juniper Hill Inn in Windsor, Vt., seems poised for disaster, despite Ramsay and his guest experts attempting to right it. The series hits all right notes of drama -- untold horrors, an evil villain (but can he be redeemed?), a hardworking and put-upon staff -- all under the roof of a mansion on a hill that is rife with snobbery in what is otherwise a working-class community.

STORY: Why Gordon Ramsay's 'Hell's Kitchen' Is Still Hot After All These Years

The aforementioned villain is, like the pilot itself, twofold: the responsibilities are shared by Juniper Hill's co-owners Robert Dean II (who says on camera in an early montage, "we don't want people without money") and his humorless business partner boyfriend Ari Nikki. It quickly becomes apparent, however, that Dean and Nikki are -- because of their pretensions and reckless spending -- people without money. As Ramsey puts it aptly from the start regarding Dean, "What a muppet."

Dean and Nikki's frivolous expenditures and complete incompetence regarding inn keeping (they buy antique items but don't pay their staff) is extremely frustrating to watch, and viewers will want to cheer when Ramsay intervenes. The inn hemorrhages cash every year as it sits nearly empty, serving no lunch yet boasting three-course subpar dinners at outrageous prices. Despite owning the sprawling and gorgeous building, the owners live outside in an expensive RV ("it's actually a motor coach ... that's the more 'upscale' version," Dean says) and keep a trio of potbelly pigs indoors in one of their many storage areas. The storage areas that house their immense collection of antiques are particularly cringe-worthy. "This is like a special edition of Hoarders!" Ramsay exclaims, which is exactly what's so great about it.

PHOTOS: THR's 2012 Reality Power List

Of course, the issue with the owners is never so much structural as psychological. As such, Ramsay is alternately a screaming coach, a disappointed father, an irritated guest and an understanding confessor to Dean, who has to go through a breakdown before Ramsay is able to get through to him the dire circumstances of his business. It's emotional and cathartic television, especially seeing the completely abused staff begin to smile and hope, for the first time, that change might be real. As executive chef Giulian Jones said of Ramsay's trademark style, "He had to rip some people down and bring them up again, but it was necessary." Jones speaks from experience, as he too was subjected to Ramsay's sharply critical eye and furious tirades.

Ramsay naturally creates drama wherever he goes, and despite a few forced scenarios, the fly-on-the-wall editing smoothly and engagingly creates narratives amid the chaos. The fun stuff is uncovering the abominations of mismanagement and hearing Ramsay's expletive-ridden comments about them, but there's always a redemptive arc as well. Although there are many who might quickly wish for Dean -- or any of the featured incompetents of the series -- to be sent down the burning elevators in the opening credits, there are few among us who don't appreciate a good comeback story. It's satisfying, and makes one ready to dive into whatever fresh hell Ramsay is up to tackle next.


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