June 23, 2017 2:28 PM ET

Hotels, Restaurants and Leisure

Company Overview of Ramee Group of Hotels, Resorts & Apartments

Company Overview

Ramee Group of Hotels, Resorts & Apartments operates and manages business and leisure hotels, resorts, and apartments in the United Arab Emirates, Bahrain, Oman, and India. Its amenities include accommodations, cafés, restaurants, and beauty saloons. The company is based in Dubai, United Arab Emirates.

P.O. Box 26816

Dubai,  

United Arab Emirates

Phone:

971 4 3963888

Fax:

971 4 3964080

Key Executives for Ramee Group of Hotels, Resorts & Apartments

Chairman and Managing Worker
Age: 56
Director of Oman Operations and Director
Group General Manager of India Operations and Director
Group General Manager of Bahrain Operations and Director
Group General Manager of Oman Operations and Director
Compensation as of Fiscal Year 2016.

Ramee Group of Hotels, Resorts & Apartments Key Developments

Ramee's Chennai Mall Up For Sale

Ramee Group of Hotels, Resorts & Apartments has put its mall property in Chennai up for sale. "We are not expert in malls as our core business is hospitality. People are bringing us offers and if we get the right price, then we will exit," Raj Shetty, Chairman and Managing Worker, Ramee Group, told ET. Raj Shetty said Ramee Group is expecting to get INR 225 crore through the sale of its mall.

Ramee Group Offers Mall Property For Sale

Ramee Group of Hotels, Resorts & Apartments has put on the block its mall property at Teynampet on arterial Anna Salai. Ramee Group has put the 2.25 lakh sq ft mall on sale. The guideline value of commercial property at Teynampet on Anna Salai is about INR 19,000 a sq ft according to Registration Department website. The total guideline value works out to about INR 1.65 billion for two acres.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 21, 2016
Juffair Views in Al Juffair
 

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