Thomas van Vliet, the chief executive of Paramount Hotels and Resorts, says the group hopes to sign its first deal soon. Jeffrey E Biteng / The National
Thomas van Vliet, the chief executive of Paramount Hotels and Resorts, says the group hopes to sign its first deal soon. Jeffrey E Biteng / The National

Luxury hotel brand Paramount puts Dubai in the picture



A new luxury hotel brand is hoping to bring the glamour and escapism of Hollywood to the hospitality industry.

The company, Paramount Hotels and Resorts, was launched last week at the Arabian Travel Market event in Dubai. Based in emirate, the fledgling company emerged from a long-term agreement with the licensing division of Paramount Pictures.

As one of the oldest and highest-grossing movie studios, films in Paramount's extensive portfolio include classic hit movies such as The Godfather and Saturday Night Fever to more recent blockbusters such as Transformers.

"There will be a combination of the entertainment, the technology and the creativity that comes from Paramount," says Thomas van Vliet, the chief executive of Paramount Hotels and Resorts. "They have a 100-year history in the film industry. We are going to bring elements of the Paramount theme into our hotels and resorts.

"We add to that elements of California lifestyle and of course the glamour of Hollywood. Some people ask me if we're looking to develop hotels like Planet Hollywood and Hard Rock hotels. The answer is 'no'. This is not the direction that we're going in. It's more subtle. It's more about luxury lifestyle," he adds. The hotel management company now has the challenge of finding investors and developers to build the hotels.

"We are talking to investors and developers at this moment in Brazil, in the Caribbean, in the UK, in Russia, in Oman, in Qatar, in Dubai and in South Africa and Indonesia," says Mr van Vliet.

The hotel group hopes to sign its first agreement within the next few months. "The environment of hotels is competitive. But I'm convinced that the ones with the unique elements and a lot of unique selling points will be successful," he says. "It's like in any business. If you can't differentiate yourselves from the other ones, it's hard. Yes, we will need to prove ourselves as a hotel company, but I have no problem with that."

Rates at the hotels are likely to range between US$250 (Dh918.30) an $350 a night, Mr van Vliet says.

UAE and Russia in numbers

UAE-Russia ties stretch back 48 years

Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

UAE currency: the story behind the money in your pockets
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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DRIVERS' CHAMPIONSHIP STANDINGS

1. Sebastian Vettel (Ferrari) 171 points
2. Lewis Hamilton (Mercedes-GP) 151
3. Valtteri Bottas (Mercedes-GP) 136
4. Daniel Ricciardo (Red Bull Racing) 107
5. Kimi Raikkonen (Ferrari) 83
6. Sergio Perez (Force India) 50
7. Max Verstappen (Red Bull Racing) 45
8. Esteban Ocon (Force India) 39
9. Carlos Sainz (Torro Rosso) 29
10. Felipe Massa (Williams) 22

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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

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Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

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The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY PROFILE
Name: Airev
Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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