financeSkift··1 min·For: Owner, Investor, Revenue, GM
Cheval Eyes Middle East Growth via Long-Stay Demand
UK-based Cheval Collection plans to double its global portfolio by expanding its serviced apartments and branded residences across the Middle East. The luxury operator is leveraging medium- and long-stay guests to navigate market fluctuations in Dubai.
Key Takeaways
- 1Cheval Collection aims to double its 16-property global portfolio, targeting the Middle East as a primary driver.
- 2The operator is utilizing a serviced apartment and branded residence model to capture extended-stay business.
- 3Expansion includes new projects like Cheval Residences Dubai Islands, set for completion in 2029.
Source: Skift
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