News

March 10, 2010: Ròya International and Deloitte announced today the signing of a Memorandum of Understanding (MoU) that sees the two firms bringing together their expertise to provide Hotel Management Oversight (HMO) services to clients across the Middle East. The collaboration combines extensive regional and international hospitality capabilities with world class consulting methodologies.

Targeted at investors, hotel owner/operators and government entities, the combined HMO service offering from Ròya and Deloitte is designed to play a critical role in supporting the achievement of planned returns and the enhancement of business values. The HMO services team operates as a conduit between hotel owners and operators to support the realization of targets and improve shareholders value. By utilizing best practices, research tools, consultancy skills, and a wealth of hospitality management and operational knowledge, the HMO services team delivers tailored solutions to hotel owners. The objective is to address the current market gaps by delivering HMO services in a structured manner, addressing hence the increasing needs of hotel owners and operators in the Middle East.

The agreement takes immediate effect with Ròya and Deloitte collaboration being applied to all new HMO service requirements. Ahmed Ramdan, Chief Executive Officer of Roya International, commented: “This is an exciting time for all of us. By joining forces, the Ròya and Deloitte teams will have the ability to offer unparalleled HMO services. As with all of our asset-management clients, our goal will be to work closely with hotel owners and hotel operators to ensure the property’s financial performance, as well as sales and marketing efforts, service quality, maintenance, and capital expenditure, are all aligned with the hotels’ owners strategic objectives and the hotels’ operators management agreement. If clients are seeking a trustworthy and credible partner, focused on maximizing the value of their hospitality assets, they need look no further than Ròya and Deloitte for their HMO requirements”.

Firas Eid, consulting partner at Deloitte Middle East, added: “The Ròya and Deloitte collaboration is all about developing tailored, personalized consultation along with building trust-based relationships, creating innovative solutions and ensuring that all this array of services is delivered by people with the skills and passion to help”. Deloitte consulting practice’s approach to serving clients is based on global industry programs combined with strong local networks and knowledge of the Middle East region. Deloitte is a leading professional services firm which offers audit, risk management, financial advisory services, and tax in addition to a wide range of consulting services including strategy and operations, enterprise applications, technical integration, human capital, CFO services, and other value added services.

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