May 31 – The Ramee Group of Hotels and Resorts announced that it plans to open six new hotels in the Middle East over the next three years, starting with its first property, the 103 room Ramee Rose Hotel, which is set to open in Tecom, Dubai in October. The other four and five star Ramee hotels are planned for Dubai, Abu Dhabi, and Bahrain. Raj Shetty, Chairman and managing worker of Ramee Group, said he will focus on existing properties beginning with the penning of Tecom this year.
The global economic crisis has not slowed Ramee Group down much but Shetty cautioned “Recession is a part of the game so we have to work on it, cut costs on our operations. We are expecting another two years of low predictions and then after two years I think we will be out of the recession. Ramee is also planning five new hotels in India, which are expected to be operational by 2012. The Ramee Group now operates 32 properties in the UAE, Bahrain, India, and Oman, all currently in the budget segment.
