Kuwait-based Action Group will be investing $56 million to upgrade its hotel project in Dubai Healthcare City to a four-star property, said a report.
The hotel, which was scheduled to open as a three-star property this year, will see construction work begin next month and is set to open in 2018, a report in The National said.
The company’s subsidiary, Action Hotels, will own the property, which will now be operated by AccorHotels’ Novotel brand as a 220-room hotel.
The Dubai Health Authority has set a target of 500,000 medical tourists by 2020, up from 107,500 in 2012.
Initially planning to develop the hotel on a leasehold basis, the company said the project would be funded through a mix of equity and bank financing of about $35.2 million, the report said.
This will be Action Hotels’ first property in Dubai.
Travel, Tourism & Hospitality
Action Group unveils $56m Dubai Healthcare City hotel upgrade
