Sunday , 5 December 2021

Investor Communications

Movenpick Hotel JLT – Important Investor Communication – March 2020

Dear Homeowner,   Due to the COVID-19 outbreak and extremely significant impact to the world health and economy in general, the hospitality industry is being drastically affected due to unforeseen travel restrictions and lock-down to which Dubai is no exception. With the majority of the  reservations for March and April now cancelled, the Movenpick Hotel Jumeirah Lake Towers is expected ... Read More »

Movenpick Hotel JLT – Important Investor Communication – April 2018

30 April 2018 Baar, Switzerland Dear Mövenpick Owner, As an important business partner, I have the pleasure to inform you about an upcoming press announcement: the shareholders of Mövenpick Hotels & Resorts and AccorHotels have agreed to merge. This is a major opportunity for all stakeholders and it paves the way for strong future growth. It is indeed an exciting ... Read More »

Movenpick Hotel JLT – Important Investor Communication – February 2018

Dear Homeowner, Further to our earlier communication with respect to the performance of the Hotel Units component within the Laguna Tower development, we write by way of confirmation of the review conducted. As previously communicated, the Hotel Units ran at an operating loss for the calendar year of 2017 and thus with both current trading conditions as well as the ... Read More »