It’s been a tumultuous start for Five Hotels and Resorts, which makes its debut on the Hotelier Power 50 list this year.
In June 2017, Five dramatically seized control of its property on Palm Jumeirah, which was meant to be operated by Viceroy. Following a lengthy court battle in the UAE and the United States, the local company maintained management control of the 468-room and 221-residence unit property, which opened in 2017.
Following the takeover, Jaydeep Anand was tasked with restructuring Five Palm Jumeirah “to ensure profitability and realign guest experience”.
“This was accomplished by reducing manpower by a double-digit percentage, not by reducing headcounts but ensuring the correct people are in the right place to make a difference,” Anand tells Hotelier.
The group is set to add to its portfolio this year with a Jumeirah Village Circle hotel, which has been earmarked for a Q4 2018 opening.
The hotel will reportedly have 271 swimming pools that will service the property’s 221 one- and two-bedroom hotel apartments and 33 four-bedroom apartments. Five Jumeirah Village Dubai will also include 247 hotel rooms and suites.
Moving forward, “Five is exploring expansion options in the Middle East, Maldives and North America but has no firm plans at the moment,” Anand tells Hotelier.
1 Number of years in the role
4 Number of years with the company
1 Number of operating hotels in the region as of July 2018
1 Number of pipeline hotels in the region as of July 2018