What EPG Hotels & Resorts does

EPG Hotels & Resorts (legally Emerald Palace Group Limited) is a privately held Dubai-based luxury hotel owner and real estate development group founded by Dr. Nver Mkhitaryan in 2004, with development activity tracing back to 1996 across Ukraine, the UAE, and Russia. The group develops, owns, and operates ultra-luxury hospitality assets in Dubai under brand partnerships with global operators Accor (Raffles, Hyde via Ennismore) and Kempinski, generating revenue through three streams: hotel operations (room revenue, food and beverage, spa), luxury branded residence sales, and interior design/fit-out services via wholly owned subsidiary Emerald Palace Interior Decoration (EPI).

The operational portfolio comprises three flagship Dubai hotels — the 383-room Emerald Palace Kempinski Dubai on Palm Jumeirah (opened January 2019), the 389-room Raffles The Palm Dubai (opened October 2021, the first Raffles resort in the Middle East), and the 276-room Hyde Hotel Dubai in Business Bay (opened November 2021, the first Hyde outside the United States). Residential inventory includes the Kempinski Residences & Hotel Apartments and the 33-unit Raffles Residences & Penthouses The Palm Dubai collection (launched April 2023), with villas transacting at AED 82 million. The group also operates multiple Michelin-caliber dining concepts (miX Alain Ducasse, Cleo, Katsuya, Le Jardin, Matagi, Villamoré) and runs The Royal Club, an exclusive membership founded with 11 European nobles.

The go-to-market targets ultra-high-net-worth individuals, royal families, and an elite UAE/international business cohort through direct sales at the Palm Jumeirah corporate office and the global distribution networks of partner hotel brands. Distribution relies on the corporate website, earned media (Forbes coverage 2019 and 2022), and partner loyalty/reservation systems. With 22 disclosed employees and eight major projects under development including a Palm Jebel Ali hotel, EPG operates as a lean owner-developer leveraging outsourced brand operations.

Name

EPG Hotels & Resorts

Legal name

Emerald Palace Group Limited

Website

https://epghotelsresorts.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

EPG Hotels & Resorts is a privately held Dubai-based luxury hotel owner and real estate developer founded by Dr. Nver Mkhitaryan, operating flagship Raffles, Kempinski, and Hyde properties on Palm Jumeirah and Business Bay for ultra-high-net-worth individuals, royal families, and elite business travelers, with a parallel branded residence sales business.

Ownership category

akta.pro rank

Product category

Luxury Hospitality

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Luxury Villas & Residences Resorts (THAGACAM)

akta.pro secondary industries

Beachfront & Island Luxury Resorts (THAGACAA), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI), Luxury Villa Property Management & Concierge Services (THAMAEAJ)

Keywords

• Luxury hotel operations
• Branded residences
• Ultra-luxury real estate
• Hospitality development
• Hotel management

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Hotel Operations: Luxury hotel ownership and operation through brand partnerships with Accor and Kempinski, generating revenue from room rentals, food and beverage, and spa services.
2. Luxury Real Estate Sales: Sale of ultra-luxury branded residences and villas including Raffles Residences & Penthouses The Palm Dubai, Imperial Villas, and Royal Villas priced up to AED 82 million.
3. Interior Design and Fit-out Services: Through subsidiary Emerald Palace Interior Decoration (EPI), the company provides specialized interior design and fit-out services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

EPG Hotels & Resorts develops, owns, and operates luxury hotels and ultra-prime branded residences in Dubai, UAE. The company partners with internationally recognized hotel brands (Accor, Kempinski, Raffles, Hyde via Ennismore) to operate flagship properties on Palm Jumeirah (Raffles The Palm Dubai, Emerald Palace Kempinski Dubai, Kempinski Residences & Hotel Apartments) and a lifestyle hotel in Business Bay (Hyde Hotel Dubai), while also selling ultra-luxury 2- to 6-bedroom residences, penthouses, and villas.

Product overview

EPG Hotels & Resorts (Emerald Palace Group) is a luxury hotel and real estate development group that develops, owns, and operates hotels and residences primarily in Dubai, UAE. The portfolio includes flagship properties managed under internationally recognized brands such as Raffles, Kempinski, and Hyde (Ennismore/Accor). Core offerings consist of luxury beachfront resorts (Raffles The Palm Dubai, Emerald Palace Kempinski Dubai), lifestyle hotels (Hyde Hotel Dubai), and ultra-prime residential properties. Dining concepts include Cleo, Katsuya, Hudson Tavern, The Perq, Le Jardin, Matagi, Villamoré, and Raffles Patisserie. The group also offers interior design and fit-out services through its subsidiary Emerald Palace Interior Decoration (EPI), and operates The Royal Club for cultural and philanthropic events.

Differentiator

Problem solved

Functional benefit

Products and services

• Raffles The Palm Dubai Palatial luxury beachfront resort on Palm Jumeirah's West Crescent with 389 rooms, Royal Villas, Imperial Villas, restaurants including Le Jardin, Matagi, SOLA Jazz Lounge, and Raffles Patisserie, a 1,640-foot private beach, and the award-winning Cinq Mondes Spa; operated under the Raffles brand.
• Hyde Hotel Dubai A 'lifestyle' hotel in Business Bay, Dubai, developed in collaboration with Ennismore/Accor, featuring 276 rooms and suites and dining outlets including Cleo, Katsuya, Hudson Tavern, and The Perq.
• Kempinski Residences & Hotel Apartments Luxury hotel and residences development on Palm Jumeirah developed in partnership with Kempinski Hotels, opened in 2011.
• Palm Jebel Ali Hotel & Residences Luxury hotel and residences under development at Palm Jebel Ali, Dubai.
• Raffles Residences & Penthouses The Palm Dubai Collection of 33 ultra-prime, fully furnished 2- to 6-bedroom residences, penthouses and villas located on Palm Jumeirah, sold under the Raffles brand with villa pricing reaching AED 82 million.
• Imperial Villas Ultra-luxury villa property within the EPG portfolio on Palm Jumeirah.
• Royal Villas Luxury villa property within the EPG portfolio on Palm Jumeirah.
• Emerald Palace Interior Decoration (EPI) Wholly owned subsidiary providing specialized interior design and fit-out services for EPG properties and external clients.
• Emerald Palace Kempinski Dubai European-style luxury palace hotel on Palm Jumeirah with 383 rooms, 8 royal villas, 8 restaurants including miX Alain Ducasse, a private cinema, and a 5,000-square-metre Cinq Mondes Spa.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• EnnismorecoreStrategic or Co-development PartnerEnnismore is a creative hospitality company with a global portfolio of entrepreneurial and founder-built brands. EPG partnered with Ennismore to launch Hyde Hotel Dubai, the first Hyde Hotel outside the United States. Ennismore is a joint venture with Accor, formed in 2021. The hotel features Ennismore's culinary concepts including Cleo, Katsuya, Hudson Tavern, and The Perq.
• AccorcoreTechnology or IntegrationAccor is a global hospitality group that owns and operates luxury hotel brands including Raffles, Fairmont, and through its joint venture Ennismore, the Hyde brand. EPG has been working with Accor in developing properties which have become market leaders in their field, including Raffles The Palm Dubai and Hyde Hotel Dubai.
• Kempinski HotelscoreTechnology or IntegrationKempinski Hotels is a European luxury hotel company. EPG developed and owns the Kempinski Hotel & Residences and Emerald Palace Kempinski Dubai in partnership with Kempinski. The company has worked with Kempinski since developing the Kempinski Residences & Hotel Apartments which opened in 2011.
• The Royal ClubminorStrategic or Co-development PartnerThe Royal Club was founded on January 16, 2019 at the Grand Opening of Emerald Palace Kempinski Dubai by Dr. Nver Mkhitaryan and 11 nobilities from Europe and other parts of the world. The club hosts cultural, social, academic and philanthropic events under their patronage to preserve centuries-old honorable traditions and lend a helping hand to those in need.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DAMAC Properties: DAMAC is a Dubai-listed luxury real estate developer known for branded residences with international operators (e.g., Paramount, Trump, Cavalli) — closely comparable to EPG's model of ultra-luxury branded residence development in Dubai targeting UHNW buyers.
• Habtoor Group: Habtoor Group is a Dubai conglomerate with luxury hospitality operations including the Habtoor Palace (Hilton LXR) on Palm Jumeirah — comparable to EPG as a UAE private conglomerate combining real estate development, luxury hotels, and branded residences on Palm Jumeirah.
• Emaar Hospitality Group: Emaar Hospitality Group operates The Address, Vida, and Palace Downtown brands in Dubai and is the in-house hospitality arm of Emaar Properties — comparable to EPG as a UAE-based luxury hotel owner/operator with branded residences and integrated real estate development.
• Jumeirah Group: Jumeirah Group operates the Burj Al Arab and other Dubai luxury hotels and is owned by Dubai Holding — comparable to EPG as a Dubai-headquartered luxury hotel operator with flagship properties targeting international UHNW guests.
• Kerzner International: Kerzner operates One&Only and Atlantis resorts including Atlantis The Palm and Royal Atlantis in Dubai — directly comparable ultra-luxury beachfront resort positioning on Palm Jumeirah and similar UHNW target market to EPG's Raffles The Palm and Emerald Palace Kempinski.
• Seven Tides International: Seven Tides owns and operates Anantara The Palm Dubai Resort and other luxury properties — a Dubai-based private hotel owner/developer with comparable ultra-luxury positioning, beachfront Palm Jumeirah exposure, and integrated branded residence offerings.

Emerging players

• Dar Global: Dar Global is a London-listed luxury international real estate developer with branded residences and hotel partnerships (e.g., W Residences, Marriott) — comparable to EPG in operating model of ultra-luxury branded residences in gateway cities with hotel operator partnerships.

Regional players

• Aldar Properties: Aldar is a leading Abu Dhabi-listed real estate developer with luxury residential and hospitality projects across the UAE — comparable to EPG as a regional luxury developer, though primarily Abu Dhabi-focused rather than Dubai.

Broad incumbents

• Kempinski Hotels: Kempinski Hotels is the European luxury hotel operator that manages EPG's Emerald Palace Kempinski Dubai and Kempinski Residences — comparable as the brand and operational partner behind two of EPG's flagship properties.
• Accor SA: Accor is the global hospitality group that owns Raffles, Fairmont, Sofitel, and via Ennismore joint venture the Hyde brand — comparable to EPG as the brand owner of the Raffles and Hyde flagships that EPG develops, manages and licenses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/epg-hotels-&-resorts

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EPG Hotels & Resorts