Latest news with #TIMEHotels
Travel Daily News
28-05-2025
- Business
- Travel Daily News
TIME Hotels appoints Fares Satli as Director of Business Development
With more than two decades of industry expertise, Fares Satli joins TIME Hotels to lead commercial expansion and strategic partnerships as part of the company's rebranded portfolio and target of 100 properties by 2030. DUBAI, UNITED ARAB EMIRATES – TIME Hotels, the UAE-headquartered hospitality brand, has announced the appointment of Fares Satli as its Director of Business Development, strengthening the company's senior leadership during a period of growth. The announcement comes as TIME Hotels pursues a multi-brand expansion strategy, with 12 new openings planned by Q1 2026 and a long-term objective of reaching 100 properties worldwide within the next five years. A seasoned executive with over 20 years of cross-sector experience, Satli brings a unique perspective to the role. He began his professional journey in the banking industry, where he held senior roles in retail, investment, and private banking at top-tier institutions, including Standard Chartered, Barclays, HSBC, and Citibank. In 2014, he moved into hospitality, specialising in business development and taking on senior positions at leading regional and international operators such as BlueBay Hotels and Resorts, Ishraq Hospitality, and Valor Hospitality Partners. Satli will lead TIME Hotels' commercial expansion efforts, develop corporate partnerships, identify new revenue streams, and support the strategic rollout of the group's growing portfolio of brands. These include VIVI by TIME, a bold lifestyle brand; HALO by TIME, a premium upscale offering; and Rotella, TIME Hotels' luxury concept designed to deliver exclusivity, sophistication, and culturally enriched hospitality. The company is also repositioning its residential offering under three distinct tiers, TIME Residences Classic, Executive, and Premium, to serve both long- and short-stay guests better. Mohamed Awadalla, CEO of TIME Hotels, stated: 'Fares joins us during an exciting and transformative period. We are evolving from a strong regional player into a global operator with a multi-brand strategy designed to meet the diverse needs of today's travellers. His dynamic leadership, sharp commercial instincts, and track record in financial services and hospitality will be instrumental in our next growth phase.' Holding a bachelor's degree in Business Administration, Satli is also a certified Investment Consultant through the Chartered Institute for Securities & Investment (CISI), London. His strengths in feasibility analysis, strategic negotiations, and investor relations ideally position him to support the company's ambitious expansion goals across high-growth tourism markets. In addition to his core business development responsibilities, Satli will be central in reinforcing TIME Hotels' presence across key territories. By Q1 2026, the company is set to launch 12 new properties across Saudi Arabia, Morocco, Tanzania, and the Maldives. This includes two flagship developments in the Maldives: VIVI by TIME, a contemporary 75-key lifestyle resort on Hankede Island, and HALO by TIME, a 150-key upscale property offering a mix of overwater villas and luxury rooms. These openings mark TIME Hotels' debut in the Indian Ocean region and reflect the company's long-term commitment to global expansion through carefully curated destinations. Speaking about his appointment, Satli said, 'TIME Hotels has built a strong reputation for operational excellence and guest-centric service, and as such, I am delighted to join the brand at this pivotal point in its journey. The expansion of our brand family presents new avenues for growth and innovation. I look forward to building key partnerships, delivering new opportunities, and helping TIME Hotels scale new heights in established and emerging markets.' The company operates 17 properties in the UAE, Saudi Arabia, Qatar, and Egypt. Its pipeline will increase its portfolio to 29 hotels and more than 8,000 keys by early 2026.
Trade Arabia
27-05-2025
- Business
- Trade Arabia
TIME Hotels appoints new Director of Business Development
TIME Hotels, the UAE-headquartered hospitality brand, has appointed Fares Satli as its Director of Business Development, strengthening the company's senior leadership during a period of growth. The announcement comes as TIME Hotels pursues a multi-brand expansion strategy, with 12 new openings planned by Q1 2026 and a long-term objective of reaching 100 properties worldwide within the next five years. A seasoned executive with over 20 years of cross-sector experience, Satli brings a unique perspective to the role. He began his professional journey in the banking industry, where he held senior roles in retail, investment, and private banking at top-tier institutions, including Standard Chartered, Barclays, HSBC, and Citibank. In 2014, he moved into hospitality, specialising in business development and taking on senior positions at leading regional and international operators such as BlueBay Hotels and Resorts, Ishraq Hospitality, and Valor Hospitality Partners. Satli will lead TIME Hotels' commercial expansion efforts, develop corporate partnerships, identify new revenue streams, and support the strategic rollout of the group's growing portfolio of brands. These include VIVI by TIME, a bold lifestyle brand; HALO by TIME, a premium upscale offering; and Rotella, TIME Hotels' luxury concept designed to deliver exclusivity, sophistication, and culturally enriched hospitality. The company is also repositioning its residential offering under three distinct tiers, TIME Residences Classic, Executive, and Premium, to serve both long- and short-stay guests better. Mohamed Awadalla, CEO of TIME Hotels, stated: 'Fares joins us during an exciting and transformative period. We are evolving from a strong regional player into a global operator with a multi-brand strategy designed to meet the diverse needs of today's travellers. His dynamic leadership, sharp commercial instincts, and track record in financial services and hospitality will be instrumental in our next growth phase.' Holding a bachelor's degree in Business Administration, Satli is also a certified Investment Consultant through the Chartered Institute for Securities & Investment (CISI), London. His strengths in feasibility analysis, strategic negotiations, and investor relations ideally position him to support the company's ambitious expansion goals across high-growth tourism markets. In addition to his core business development responsibilities, Satli will be central in reinforcing TIME Hotels' presence across key territories. By Q1 2026, the company is set to launch 12 new properties across Saudi Arabia, Morocco, Tanzania, and the Maldives. This includes two flagship developments in the Maldives: VIVI by TIME, a contemporary 75-key lifestyle resort on Hankede Island, and HALO by TIME, a 150-key upscale property offering a mix of overwater villas and luxury rooms. These openings mark TIME Hotels' debut in the Indian Ocean region and reflect the company's long-term commitment to global expansion through carefully curated destinations. Speaking about his appointment, Satli said: 'TIME Hotels has built a strong reputation for operational excellence and guest-centric service, and as such, I am delighted to join the brand at this pivotal point in its journey. The expansion of our brand family presents new avenues for growth and innovation. I look forward to building key partnerships, delivering new opportunities, and helping TIME Hotels scale new heights in established and emerging markets.'
Zawya
27-05-2025
- Business
- Zawya
TIME Hotels appoints Fares Satli as Director of Business Development to drive the company's regional and global growth
Dubai, United Arab Emirates: TIME Hotels, the UAE-headquartered hospitality brand, has announced the appointment of Fares Satli as its Director of Business Development, strengthening the company's senior leadership during a period of growth. The announcement comes as TIME Hotels pursues a multi-brand expansion strategy, with 12 new openings planned by Q1 2026 and a long-term objective of reaching 100 properties worldwide within the next five years. A seasoned executive with over 20 years of cross-sector experience, Satli brings a unique perspective to the role. He began his professional journey in the banking industry, where he held senior roles in retail, investment, and private banking at top-tier institutions, including Standard Chartered, Barclays, HSBC, and Citibank. In 2014, he moved into hospitality, specialising in business development and taking on senior positions at leading regional and international operators such as BlueBay Hotels and Resorts, Ishraq Hospitality, and Valor Hospitality Partners. Satli will lead TIME Hotels' commercial expansion efforts, develop corporate partnerships, identify new revenue streams, and support the strategic rollout of the group's growing portfolio of brands. These include VIVI by TIME, a bold lifestyle brand; HALO by TIME, a premium upscale offering; and Rotella, TIME Hotels' luxury concept designed to deliver exclusivity, sophistication, and culturally enriched hospitality. The company is also repositioning its residential offering under three distinct tiers, TIME Residences Classic, Executive, and Premium, to serve both long- and short-stay guests better. Mohamed Awadalla, CEO of TIME Hotels, stated: 'Fares joins us during an exciting and transformative period. We are evolving from a strong regional player into a global operator with a multi-brand strategy designed to meet the diverse needs of today's travellers. His dynamic leadership, sharp commercial instincts, and track record in financial services and hospitality will be instrumental in our next growth phase.' Holding a bachelor's degree in Business Administration, Satli is also a certified Investment Consultant through the Chartered Institute for Securities & Investment (CISI), London. His strengths in feasibility analysis, strategic negotiations, and investor relations ideally position him to support the company's ambitious expansion goals across high-growth tourism markets. In addition to his core business development responsibilities, Satli will be central in reinforcing TIME Hotels' presence across key territories. By Q1 2026, the company is set to launch 12 new properties across Saudi Arabia, Morocco, Tanzania, and the Maldives. This includes two flagship developments in the Maldives: VIVI by TIME, a contemporary 75-key lifestyle resort on Hankede Island, and HALO by TIME, a 150-key upscale property offering a mix of overwater villas and luxury rooms. These openings mark TIME Hotels' debut in the Indian Ocean region and reflect the company's long-term commitment to global expansion through carefully curated destinations. Speaking about his appointment, Satli said, 'TIME Hotels has built a strong reputation for operational excellence and guest-centric service, and as such, I am delighted to join the brand at this pivotal point in its journey. The expansion of our brand family presents new avenues for growth and innovation. I look forward to building key partnerships, delivering new opportunities, and helping TIME Hotels scale new heights in established and emerging markets.' The company operates 17 properties in the UAE, Saudi Arabia, Qatar, and Egypt. Its pipeline will increase its portfolio to 29 hotels and more than 8,000 keys by early 2026. For more information, please visit About TIME Hotels TIME Hotels was founded in 2012 by a multinational team dedicated to the art of international hospitality. Each of our hotels in the UAE is run with incomparable passion, with all travel needs not only anticipated but exceeded. The scope of our ideas can be seen in every aspect of TIME Hotels, from the sumptuous room features to the deft skills of our events staff. Visit one of our remarkable properties and find your concept of hospitality and travel redefined. TIME Hotels' family of properties epitomises the region's unparalleled hospitality. Found in some of the most desirable UAE locations and beyond, TIME Hotels provides travellers with international, modern, and stylish accommodations that speak to contemporary trends and the region's famed Arabian hospitality. To learn more about TIME Hotels, visit Media contact: JAMES LAKIE General Manager E-mail :
Zawya
28-04-2025
- Business
- Zawya
TIME Hotels to announce 12 openings by Q1 2026 at ATM
TIME Hotels, a UAE-based hospitality brand, plans to expand globally ahead of Arabian Travel Market 2025. The company aims to open 12 new properties in Saudi Arabia, Tanzania, Morocco, and the Indian Ocean by Q1 2026, and aims to open 100 hotels within five years. The announcement follows confirmation that TIME Hotels strategic global expansion will see the launch of two new hospitality brands HALO by TIME, the company's upscale brand and VIVI by TIME, a newly launched lifestyle brand, will debut in the Maldives in 2026. Situated on Hankede Island, in the Addu atoll – the southernmost atoll in the Maldives – VIVI by TIME, will have 75 rooms over six stories with spectacular sea views and an array of first-class facilities, while HALO by TIME, spans eight storeys with 150 keys, including bespoke sunrise and sunset over water villas. The company has partnered with Maldives Fund Management Corporation (MFMC), a 100% state-owned company established in 2019 involves the fulfilment of national development goals of Maldives through increased private sector investment and addressing limitations in the local financial system. Mohamed Awadalla, CEO of TIME Hotels, said: 'By Q1 2026, TIME Hotels will add 12 new properties across Saudi Arabia, Tanzania, Morocco, and the Indian Ocean, and within the next five years, we expect this figure to reach over 100 properties. Our expansion strategy is underpinned by a focus on high-growth destinations where tourism is a key economic driver. 'From aligning with Saudi Arabia's Vision 2030 and its ambitious goals for tourism diversification, to supporting eco-tourism growth in Tanzania and Morocco, and now venturing into Asia, we're leveraging regional success to build a globally recognised portfolio.' In addition to HALO and VIVI, TIME Hotels will showcase the company's new luxury offering, Rotella, which is focused on exclusivity with refined service and elegant design, all immersed in culture and luxurious comfort. The company's established premium offering, TIME Hotels & Resorts, will continue to deliver sophisticated, authentic hospitality experiences, building on the high standards of service and luxurious comforts the brand has developed in the last decade. The budget-friendly focused brand, Express by TIME, remains integral to the offering, providing clean, convenient stays with reliable service and affordable prices. The popular TIME Residences will now have three sub-tiers, Premium, Executive, and Classic, creating the ideal home away from home, offering short- and long-term stay solutions with the added convenience of self-catering. 'For the first time, we will be showcasing all our sub-brands, under one roof, underscoring our vision for the future of hospitality and our commitment to the future success of TIME Hotels. This is an exciting time for the company, and we look at ATM as a vital platform for showcasing our ability to scale globally without compromising quality or experience as demand continues to grow from owners and investors seeking trusted operators with proven performance record and local market insight,' added Awadalla. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
27-04-2025
- Business
- Trade Arabia
TIME Hotels to announce 12 openings by Q1 2026 at ATM
TIME Hotels, a UAE-based hospitality brand, plans to expand globally ahead of Arabian Travel Market 2025. The company aims to open 12 new properties in Saudi Arabia, Tanzania, Morocco, and the Indian Ocean by Q1 2026, and aims to open 100 hotels within five years. The announcement follows confirmation that TIME Hotels strategic global expansion will see the launch of two new hospitality brands HALO by TIME, the company's upscale brand and VIVI by TIME, a newly launched lifestyle brand, will debut in the Maldives in 2026. Situated on Hankede Island, in the Addu atoll – the southernmost atoll in the Maldives – VIVI by TIME, will have 75 rooms over six stories with spectacular sea views and an array of first-class facilities, while HALO by TIME, spans eight storeys with 150 keys, including bespoke sunrise and sunset over water villas. The company has partnered with Maldives Fund Management Corporation (MFMC), a 100% state-owned company established in 2019 involves the fulfilment of national development goals of Maldives through increased private sector investment and addressing limitations in the local financial system. Mohamed Awadalla, CEO of TIME Hotels, said: 'By Q1 2026, TIME Hotels will add 12 new properties across Saudi Arabia, Tanzania, Morocco, and the Indian Ocean, and within the next five years, we expect this figure to reach over 100 properties. Our expansion strategy is underpinned by a focus on high-growth destinations where tourism is a key economic driver. 'From aligning with Saudi Arabia's Vision 2030 and its ambitious goals for tourism diversification, to supporting eco-tourism growth in Tanzania and Morocco, and now venturing into Asia, we're leveraging regional success to build a globally recognised portfolio.' In addition to HALO and VIVI, TIME Hotels will showcase the company's new luxury offering, Rotella, which is focused on exclusivity with refined service and elegant design, all immersed in culture and luxurious comfort. The company's established premium offering, TIME Hotels & Resorts, will continue to deliver sophisticated, authentic hospitality experiences, building on the high standards of service and luxurious comforts the brand has developed in the last decade. The budget-friendly focused brand, Express by TIME, remains integral to the offering, providing clean, convenient stays with reliable service and affordable prices. The popular TIME Residences will now have three sub-tiers, Premium, Executive, and Classic, creating the ideal home away from home, offering short- and long-term stay solutions with the added convenience of self-catering. 'For the first time, we will be showcasing all our sub-brands, under one roof, underscoring our vision for the future of hospitality and our commitment to the future success of TIME Hotels. This is an exciting time for the company, and we look at ATM as a vital platform for showcasing our ability to scale globally without compromising quality or experience as demand continues to grow from owners and investors seeking trusted operators with proven performance record and local market insight,' added Awadalla.
