Low budget hotels launched by Coral
Coral International Hotels has launched a budget hotel brand, which is considered to be an economically sensible chain, to cater to the budget-conscious.
The two-star Ecos Hotels brand has been launched aiming the unexploited low-price hotel segments in the hospitality sector, which is usually dominated only by luxury brands.
The Director of Ecos Hotel, Ralph Noblet, speaking during the launch of the brand, pointed towards the immediate need to address the high demand for budget hotels in UAE and in the whole of Middle East, and mentioned that the hotel will combine “sound economic reasoning with ethical ecological practices”.
Coral, after having already invested $2million on the brand, is awaiting potential investors to launch its brand in the UAE.
Posted on 25/4/2007
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