R Hotels plans to build a new 182-key hotel in Ajman Corniche with an investment of Dh150 million.
The construction is expected to commence in the third quarter of 2015 with the target opening date of Q1 2017.
The new hotel will be located beside Ramada Beach Hotel Ajman, which is also owned and managed by R Hotels.
Targeting both leisure and corporate segments, the property will feature rooms with sea views, a restaurant, spa and fitness centre and indoor swimming pool.
Sumair Tariq, Managing Director of R Hotels, said: "Ajman is a very attractive market for us. In line with our expansion plan, this project will accommodate demands of the growing market in the emirate.”
Tariq added: "Ajman Tourism Development Department has been actively tapping different markets like China and our hotels are also beefing up our nationality mix with arrivals from Turkey, Germany, Oman, and Eastern Europe. We are expecting higher room demands in the next couple of years, as confirmed by the opening and announcements of new hotels in Ajman.”
The new hotel in Ajman Corniche will be the group's seventh property in the UAE. Its portfolio presently includes four operational hotels, with a fifth one set to open in Q3 2015 in Jumeirah. Its sixth property will be a four-star resort and spa at The Palm with a target opening date of Q4 2016.