22 Apr 2024
BANGKOK, Thailand (April 22, 2024) – International hospitality management group Absolute Hotel Services Group (AHS), in partnership with UAE-based industry veterans Dex Squared Hotel Management, has established a joint venture to sign and operate new AHS branded properties, namely Eastin Grand Hotels & Resorts, Eastin Hotels, Resorts & Residences, Eastin Estates, U Hotels & Resorts and Absolute Collection brands in the dynamic Middle Eastern and African markets.
Both groups bring complementary capabilities to the newly created company, combining in-depth regional knowledge with a defined and investor-centric selection of brands and management products. AHS manages 40 hotels and golf clubs, with an additional 40 projects in various stages of development.
AHS Middle East & Africa (AHS MEA) will seek opportunities in the entire Middle East and Africa region from its base in Dubai, UAE. It will actively promote, sign and operate branded hotel management and golf course contracts under the established and successful platforms AHS has created in several regions. The company aims to sign 20 branded hotels and five golf/country clubs within 3 to 5 years.
Commenting on the joint venture launch, Jonathan Wigley, AHS Founder, CEO, and President of AHS MEA, said, " AHS has long sought the right timing to enter these exciting regions with a dedicated company and team. This aligns with our international expansion strategy built on a regionally focused development and operations platform. Our partners, Dex Squared, are an ideal fit in terms of company culture and objectives, and we look forward to announcing many new deals in the near future."
Adding to this, Kevork Deldelian, Founder & CEO of Dex Squared Hotel Management and Managing Director of AHS MEA, says: "Starting from the region's largest and most active hospitality development market, Dubai, AHS MEA will carefully select investment partners to work with offering the flexibility and owner-centric approach that resonates with today's property developers. We aim to sign a sustainable selection of hotels and golf/country clubs in key Middle East and African destinations, including high-potential ones."