Kempinski Hotels

Hotels
Germany

"Global hotel companies are establishing new beachheads in Iran, betting that lifted sanctions against the Middle East nation will spark a jump in tourism and business travel after decades of economic isolation. Spanish operator Melia Hotels International is planning to open a 319-room hotel next year on the Caspian Sea. French group Accor Hotels, which opened two hotels near the Tehran airport last autumn, is establishing a joint-stock company in Iran through which it will partner with local groups to manage hotels. Abu Dhabi-based Rotana Hotel Management Corp. PJSC has started developing properties in the country as well... 'We just have to wait. That's the frustrating bit,' said Peter Norman, senior vice president for acquisitions and development at Hyatt in Europe, the Mideast and Africa. 'We're really keen to go in there,' he said. Hyatt and Germany-based Kempinski Hotels have been exploring opportunities but said for the moment barriers remain too high." (The Wall Street Journal, “Next Big Travel Destination: Iran?,” 5/17/2016)