In the Middle East, the UAE leads the projects under development in the region, with a total of 50,000 new rooms under construction.
Average return on a hotel room in the first half of this year grew by 20 percent compared to the first half of 2017.
The project will also bring a specially designed, gravity-defying interactive fountain.
Abu Dhabi Islamic Bank financed USD 53 million acquisition of Travelodge Hotel at London’s Heathrow Airport
The property was acquired by a Saudi based client for USD 53 million.
The event tests the skills of competitors in practical aspects of coffee making, including espresso, latte art, brewing skills and food pairing.
Nakheel is also building six marinas, at a cost of USD 45 million, at its new waterfront master development, Deira Islands.