Skip to main content

Barrows Hotel Enterprises Focuses on Hotel Improvements

Written by Customer Service on . Posted in Mergers And Acquisitions.

Barrows Chairman Erwin Jager

Chairman and CEO Erwin Jager of Barrows Hotel Enterprises

Chairman and CEO Erwin Jager of Barrows Hotel Enterprises

DUBAI, United Arab Emirates, Nov. 12, 2021 (GLOBE NEWSWIRE) — Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa is expanding its professional core activities with Property Improvement Projects and Hotel Improvement Projects As part of the preparations for the scheduled SPAC Merger in 2023.

The organization has been involved in hotel investments since 2008 and advising hotel operators on acquisitions and operational issues. Now that the market is moving strongly, the company sees enormous growth opportunities in the Middle East and Africa to accelerate the implementation of the PIP and HIP activities according to Barrows Chairman Erwin Jager.

Significant investments have been made in recent months in new software that monitors the project management processes of PIPs and HIPs. The first agreements for PIPs have been signed by the various hotel operators and will provide a lot of work for Barrows in the coming months.

“The company will undergo a transition in the next 6 months in its core activities that should increase sales and profits. In addition to the PIP and HIP activities, we are focusing strongly on restructuring 4 and 5 star hotels that have problems as a result of lack of succession, financing problems or other management issues. It is precisely with these activities that we can add our value. We know the market inside out and can apply a wide range of solutions that increase the value of real estate and the operational activities.

The company aims to grow in the coming years through acquisitions within the industry. There is an enormous oversupply of hotels in the market, making improvement plans an absolute necessity to guarantee guest satisfaction and continuity in occupancy. The technology offers so many opportunities that we need to scale up without any doubt. We have no time to lose if we want to achieve our goal,” said Erwin Jager.

Barrows Hotel Enterprises internationally manages over 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and today the company is fully focused on the fast-growing hotel industry in the MENA region.

For more information:
media@barrowshotels.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9793e80e-4832-4c08-9369-ae1fa3710bfb

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.