ESG, Hilton to set up upscale hotel, residential tower in Dubai
DUBAI, December 30, 2023
Emirates Stallions Group, a leading UAE-based engineering and construction company, has announced that its hospitality unit has signed a partnership deal with Hilton to develop an upscale residential tower and hotel in Dubai.
Nestled within Dubai Hills Estate, the Mallside Residence and Hotel, Curio Collection by Hilton comprises 18 floors hotel and residential tower, featuring a diverse range of units from studios to three-bedroom apartments.
The development is further enhanced with an extensive selection of retail, food and beverage, and lifestyle offerings.
Conveniently accessible via Umm Suqeim and Al Khail Roads, the upscale project will offer an array of lifestyle amenities. It promises an enticing combination of diverse offerings with a wide and modern range of facilities, creating a bespoke and vibrant living experience.
It is scheduled for completion in November 2026, said a statement from ESG, a subsidiary of Abu Dhabi-based International Holding Company (IHC).
Announcing the new Hilton venture, Emirates Stallions Group said this marks the debut venture for its recently launched hospitality arm ESGH.
As per the deal, ESGH will hold the majority stake of 51%, while Montgomerie Proprietary Investment will secure a 49% interest in the Mallside Residence and Hotel, Curio Collection by Hilton.
The project's development will be spearheaded and overseen by Royal Development Company (RDC), a subsidiary of Emirates Stallions Group, it added.
ESG Hospitality CEO Kayed Khorma said: "With the vision to emerge as a frontrunner and influential player in the regional and global hospitality arena, we aim to leverage the UAE, its home base, as the launchpad for its most luxurious and prestigious projects."
"Marking a significant step on our journey of continued growth, the launch of Mallside Residence and Hotel, Curio Collection by Hilton will enable us to deliver unparalleled living experiences to Dubai’s residents and visitors that redefine industry standards," he noted.
The distinctive living destination is taking shape in a prime location in one of Dubai’s most popular neighbourhoods, within walking distance to Dubai Hills Park. True to its name, the premium property will have direct facing access to Dubai Hills Mall.
Montgomerie Proprietary Investment CEO Delyan Deyanov Denchev said: "We are united with ESGH in our vision to craft remarkable destinations that not only stimulate economic expansion but also introduce the UAE market to unparalleled hospitality and living experiences."
"Our unwavering commitment to this project is resolute, and we eagerly anticipate collaborating with ESGH and the Hilton team to execute a world-class development," he stated.
Carlos Khneisser, Vice President, Development, Middle East & Africa, Hilton, said each Curio Collection by Hilton property is hand-picked to immerse guests in one-of-a-kind experiences.
"We are pleased to partner with ESGH and RDC to open Mallside Residence & Hotel, Curio Collection by Hilton – which is set to be a remarkable development that will offer a great stay for visitors to Dubai and hotel-style living for residents," he added.-TradeArabia News Service
