Buddha Bar, the luxury bar and restaurant company, is in talks to open a hotel under its brand in Abu Dhabi.
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The company opened its first hotel in Prague two years ago, part of a growing trend among restaurant brands to venture into the hotel market.
"We're looking of course to establish hotels in the Middle East, in Dubai, Abu Dhabi," said Nabil Souhail, the director of business development at Buddha Bar Hotels, Resorts and Spas.
According to Buddha Bar's website, the company plans to open an Abu Dhabi hotel in 2015. Mr Souhail said its location was yet to be decided.
Nobu and Hard Rock Cafe are other restaurant brands to develop hotel divisions. Last month, Nobu announced plans to open a hotel in the capital within an US$8 billion (Dh29.38bn) property development on Reem Island. Hard Rock's plans have been delayed, and it is now expected to open hotels in Dubai and Abu Dhabi in 2013.
Buddha Bar, known for its use of trendy Asian decor in its properties, has a bar and restaurant in Dubai Marina in the Grosvenor House hotel.
It is also in advanced negotiations to launch properties in Las Vegas, London, Bucharest and Almaty in Kazakhstan, Mr Souhail said. Buddha Bar hotels are already under development in Budapest, Paris and Mexico, with a resort planned for Egypt.
Mr Souhail said George V Eatertainment, the parent company based in Paris, was enjoying growing demand for upmarket modern restaurants in the UAE and the wider region.
Rival brands in Dubai, including Zuma and Nobu, would provide "healthy competition", he said.
"There's a lot of demand in the region," Mr Souhail said. "There's always room."
Other George V brands include Sanctuary nightclub and Karma Kafe in Dubai, and the Rush and Skylite Lounges in the Yas Hotel.
Food and beverage revenues across Abu Dhabi's hotels reached Dh1.1bn in the first 10 months of last year, up 13 per cent on the same period in 2009.
rbundhun@thenational.ae
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Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
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Checking: the obsession or thoughts focus on some harm coming from things not being as they should, which usually centre around the theme of safety. For example, the obsession is “the building will burn down”, therefore the compulsion is checking that the oven is switched off.
Contamination: the obsession is focused on the presence of germs, dirt or harmful bacteria and how this will impact the person and/or their loved ones. For example, the obsession is “the floor is dirty; me and my family will get sick and die”, the compulsion is repetitive cleaning.
Orderliness: the obsession is a fear of sitting with uncomfortable feelings, or to prevent harm coming to oneself or others. Objectively there appears to be no logical link between the obsession and compulsion. For example,” I won’t feel right if the jars aren’t lined up” or “harm will come to my family if I don’t line up all the jars”, so the compulsion is therefore lining up the jars.
Intrusive thoughts: the intrusive thought is usually highly distressing and repetitive. Common examples may include thoughts of perpetrating violence towards others, harming others, or questions over one’s character or deeds, usually in conflict with the person’s true values. An example would be: “I think I might hurt my family”, which in turn leads to the compulsion of avoiding social gatherings.
Hoarding: the intrusive thought is the overvaluing of objects or possessions, while the compulsion is stashing or hoarding these items and refusing to let them go. For example, “this newspaper may come in useful one day”, therefore, the compulsion is hoarding newspapers instead of discarding them the next day.
Source: Dr Robert Chandler, clinical psychologist at Lighthouse Arabia
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Sector: FinTech, online payment solutions
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Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
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