The NMC Group of Companies has launched the Dhs150m Lotus Hotel Apartments, the fourth hotel and apartments of the group in Dubai, Khaleej Times has reported. The hotel, which falls under the umbrella of Lotus Hospitality, an arm of the NMC Group, is located in Dubai Marina. It will be commercially operational on January 1. The new property has 95 studio, one-bedroom and two-bed room apartments. Lotus Hospitality has two other properties, the Lotus Hotel, the Lotus Boutique Hotel and the Lotus Grand Hotel, and plans to open another in 2011.