Atlas Hospitality to delay projects in UAE

29 September 2011: Atlas Hospitality, which owns the Radisson Blu in Dubai Media City and the Regent Emirates Pearl being built in Abu Dhabi, has postponed its other projects until the market improves. The company's Dubai Tower, a hotel originally scheduled to open in 2009 in Dubai Media City, and another hotel the company was considering in Abu Dhabi will remain on hold. The company is planning two or three more hotels. It has kept other restaurant concepts on the side. The capital is not as available as before.

Source: Ameinfo