Cheval Residences announces overseas expansion plans

George Sell By George Sell
23 October 2015 | Updated 24 October 2015

UK: Cheval Residences is preparing to showcase UAE investor opportunities at next week’s Serviced Apartment Summit MEA.

London serviced apartment owner/operator Cheval Residences Group has announced its regional expansion plans ahead of showcasing UAE investor opportunities at the inaugural Serviced Apartment Summit MEA, being held in Dubai on 26th and 27th of October 2015.

The Summit, being held at The Fairmont on the Palm, will feature two industry panel sessions featuring Cheval Residences' senior representatives who will share their expertise in the serviced apartment sector, managing third party assets as well as creating award-winning residences. Opportunities will be available for discussion on the company's planned expansion into the UAE and wider GCC.

Mohammed Al Marzooqi, managing director, Cheval Property Management and Cheval Residences, and George Westwell, director of Cheval Residences will be in Dubai representing the company.

Representing the owners' and investors' perspective, Marzooqi will be on a panel with a group of active owners and investors in the sector who will share their views on stability versus opportunity, product type, revenue and occupancy, management agreements versus franchise and profitability versus hotel offering. From the operators and brands' perspective, Westwell will be present on the panel discussing the growth of the serviced hotel apartment sector in comparison to regular hotel rooms in MEA and why they are so in demand.

The company is keen to adapt its existing business model from the UK to a wider remit, in particular the GCC.

Mohammed Al Marzooqi said; "We are delighted to be Platinum Sponsors of the Serviced Apartment Summit MEA in Dubai. Our company, with 30 years of trading experience in this sector has established an excellent reputation for delivering high quality five-star products coupled with exceptional levels of service to its loyal and discerning customers. We are in a prime position to expand our brand internationally and we are looking forward to developing key contacts within the region and sharing some of our expertise and experiences with them."

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