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.
rbundhun@thenational.ae
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.
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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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