German hospitality brand adds a touch of ultra-luxury to MENA with four new hotels

Deutsche Hospitality operates 23 properties in the Middle East and North Africa region. (Supplied)
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Updated 09 May 2022
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German hospitality brand adds a touch of ultra-luxury to MENA with four new hotels

DUBAI: German hotel giant Deutsche Hospitality, which operates Steigenberger Hotels under its umbrella brand, plans to expand its offering in the Middle East this year with the addition of four new hotels under different brands.

“We plan to double the number of rooms we manage in the region by the end of the year,” said Siegfried Nierhaus, vice president of Deutsche Hospitality Middle East. “The demand for luxury, even during and post COVID-19, has always been very strong, especially in the Middle East.”

Early this year, the company signed a memorandum of understanding with the Tourism Development Fund of Saudi Arabia to launch and develop its new ultra-luxury brand in the region: Steigenberger Porsche Design Hotels.

“We are actively working with our partners to select the best location and develop the hotel project,” Nierhaus told Arab News.

“Consumers are increasingly choosing experiences over things, and Steigenberger Porsche Design Hotels is the only brand that combines the distinctive Porsche Design lifestyle with a Steigenberger hotel’s hospitality and service quality.”

First order of business

Offering a minimum of 150 rooms, suites, and penthouses, the hotels will include a restaurant and lounge concept, exclusive meet-and-greet areas, and state-of-the-art health and beauty facilities, including a gym and wellness area.

Guests will also benefit from an individualized journey at every touchpoint, driven by the hotel’s focus on hyper-personalization, innovation, and a functional approach.

“With international and domestic travel back on the rise, we are eager to present more unique experiences through our eight brands in more quality locations across the UAE, Oman, Qatar, Saudi Arabia and beyond,” he said. “The region has bounced back extraordinarily, and we look forward to welcoming more guests into our various properties.”

His optimism is grounded in data. According to a Hotel Tech Report released this year, the travel and hospitality industry understandably turned upside down during the pandemic; global revenue for travel and tourism fell by an estimated 34.7 percent to about $447.4 billion in 2020.

Now compare this with the original 2020 forecast was $712 billion in revenue. However, the figures are quickly recovering, particularly in the luxury hospitality sector.

Deutsche Hospitality operates 23 properties in the Middle East and North Africa region, with expansion plans mainly in the luxury hospitality category.

According to Nierhaus, Middle Eastern hotels get most of their traffic from the UAE, Saudi Arabia, India, Germany and Eastern Europe.

“Once China opens again, we believe that we will welcome back many Chinese customers,” he added. “The Middle East is a focus for our company, and we have, in Dubai, a full-fledged office with regional experts to support the development.”

By this year, the brand will open doors to two new properties: Al Hamra Residence and Al Hamra Village Hotel in Ras Al Khaimah, and IntercityHotel Muscat, Oman, with plans for two more. In addition, Saudi Arabia is on the radar as a fresh territory.

“The Kingdom of Saudi Arabia is one of the focus development areas for our group with many opportunities. The 2030 Vision is ambitious, and we would like to play our part in it with our hospitality expertise and global reach,” he said.


US Treasury welcomes reactivation of Syria central bank account at New York Fed

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US Treasury welcomes reactivation of Syria central bank account at New York Fed

RIYADH: The US Treasury said it welcomed the reactivation of the Central Bank of Syria’s account at the Federal Reserve Bank of New York, marking the first time it has been operational since 2011.

The account had effectively been frozen after the outbreak of Syria’s civil war in 2011, when Washington imposed sweeping targeting the Syrian government, state institutions and individuals associated with the regime, designed to isolate Damascus financially and restrict its access to international banking channels.

It is the latest step in efforts to reintegrate Syria into the international financial system. The country has also begun reconnecting to the Society for Worldwide Interbank Financial Telecommunication network, a move that would end roughly 14 years of financial isolation and restore access to global banking channels.

In a statement posted on social media, the US Treasury Department said it was working with Syria’s new authorities to “responsibly reintegrate Syria into the global financial system,” adding that it welcomed the Syrian central bank’s announcement that its account at the New York Fed had been restored. 

The post also stated: “Sanctions relief was just the first step to realizing the President of the United States’ historic vision of greatness and prosperity in Syria.”

The release added: “We welcome the Syrian Central Bank’s momentous announcement that its account at the Federal Reserve Bank of New York was officially reactivated for the first time since 2011.”

Over the course of the more than 13-year conflict, sanctions expanded to include broader economic restrictions, including the Caesar Syria Civilian Protection Act enacted in 2019, which targeted foreign entities conducting business with the Syrian government. 

The measures contributed to Syria’s deep financial isolation and complicated humanitarian and reconstruction efforts.

Efforts to restore financial channels have been discussed intermittently as international actors assess pathways for humanitarian assistance and potential economic stabilization.

However, broader sanctions frameworks remain in place, and significant political and regulatory hurdles continue to shape Syria’s reintegration into the global financial system.

In recent years, regional institutions have gradually renewed engagement with Syria as part of broader efforts to stabilize the country and support economic recovery after more than a decade of conflict.

Syria was readmitted to the Arab League in 2023 after a 12-year suspension, reopening diplomatic channels with several Arab states.