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Emaar Hospitality eyes five new Address properties in next four years

Marc Dardenne, CEO of Emaar Hospitality Group has unveiled plans to manage five new hotels under its "The Address" brand in the next four years, doubling the number of hotels it operates, Bloomberg has reported. The company, which operates Armani's first property in the world's tallest tower, will open hotels in the south of France and Marrakesh, Morocco in 2013. It also plans hotel openings in Bali, Budapest and Istanbul the following year. Emaar Hospitality is also looking at opportunities in China, he said.