Luxury resort development supports FRHI’s plan to grow by 50% over the next five yearsFairmont Hotels & Resorts, a luxury brand within the FRHI Hotels & Resorts (FRHI) portfolio, and Bahrain Real Estate Investment (“Edamah”), a wholly owned subsidiary of Bahrain Mumtalakat Holding Company (“Mumtalakat”), today announced the development of a new 215-room luxury resort in Bahrain.
Slated to open in 2018, Fairmont Bahrain Resort is at the center of what will become a truly remarkable entertainment, leisure and corporate retreat on the island. This integrated destination development, the first of its kind in Bahrain, will be an ideal venue for groups, conferences, family travel and social events. The project is being developed by Bahrain Real Estate Investment (“Edamah”) and supported by Mumtalakat, Bahrain’s sovereign wealth fund, which manages more than $7 billion in investments and assets, including Aluminum Bahrain (“ALBA”), Gulf Air, Bahrain International Circuit and McLaren Automotive.
The hotel is in the early stages of development in the Al Jazayer area, which is a mixed-use project comprising of a public beach, retail and restaurant outlets, hospitality components, and entertainment facilities. South of the capital of Manama, within close proximity to Bahrain International Circuit and the Saudi Arabian Causeway, and just 35 minutes from the Bahrain International Airport, the hotel is expected to be a popular destination for leisure, business, and MICE guests visiting the region.
Fairmont Bahrain Resort will feature 215 guestrooms and chalets, Fairmont Gold – the brand’s signature ‘hotel within a hotel’ concept, and over 2,000 square meters (21,500 square feet) of meeting and event space, including a state-of-the-art ballroom. Appealing to the local market, GCC travellers and international visitors, the resort’s leisure offerings will range from an expansive beachfront area including a Fairmont spa and health club to a wide variety of restaurants and lounges featuring signature dining concepts.
“Bahrain has one of the fastest growing economies in the Middle East and is a country that continues to diversify with a strong focus on residential, leisure and retail opportunities,” said Jennifer Fox, president, International Division and president, Fairmont Brand, FRHI Hotels & Resorts. “With the government’s plans to develop the southern area into a major residential, commercial and entertainment hub, we believe it’s a very opportune time to be entering the market and look forward to being a key part of the country’s future growth.”
Mahmood Hashim Al Kooheji, CEO of Mumtalakat, said: “We are pleased to be partnering with Fairmont to open the first Fairmont hotel in Bahrain and to create a prime destination for both residents and visitors to Bahrain. The hotel will be developed in Al Jazayer area, one of the most beautiful beaches in the Kingdom and will contribute positively to its development into a prime touristic destination in the region. It will also create jobs and opportunities for further partnerships between the public and private sector.”
The addition of Fairmont Bahrain Resort complements a growing portfolio of other Fairmont hotels currently under development in the region including Fairmont Ajman, Fairmont Riyadh, Fairmont Fujairah, Fairmont Citystars Sharm el Sheikh, Fairmont Amman and Fairmont Marina Resort, Abu Dhabi.