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Paramount Hotels & Resorts, the Dubai-based company with the licensing rights for properties using the Hollywood producer’s brand, is looking to expand with new projects in Abu Dhabi, Muscat and Doha.
Owned by a consortium of investors from the UAE, US, UK and Russia, Paramount Hotels & Resorts was established in Dubai in 2012 and has an exclusive, long-term agreement with Paramount Licensing Inc, the licensing division of Paramount Pictures Corporation, to establish a chain of Paramount-branded hotels resorts and residences.
It already has partnered with developer Damac to build a Paramount-branded hotel and residences twin tower project in Dubai and a hotel in Riyadh.
