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Nakheel signs LOI with Shangri-La Hotels


Nakheel and Hong Kong-based Shangri-La Hotels and Resorts have inked a letter of intent (LOI) for the management of a luxury hotel in The Palm Tower, Nakheel’s new, five-star, 52-level hotel and residential complex to be constructed at the heart of Palm Jumeirah.

The Palm Tower comprises 504 furnished apartments and a luxury hotel, with 290-rooms and suites, occupying the first 18 floors of the building.  The project will feature facilities including a rooftop leisure and dining complex offering views of Palm Jumeirah, the Arabian Gulf and the Dubai skyline.

The rooftop complex includes a 50th floor, 360 degree infinity swimming pool – the highest in Dubai – bordering all four sides of the building.  Above the pool is an enclosed restaurant and function facility, topped by a public viewing deck on the 52nd level.

Nakheel Chairman Ali Rashid Lootah said:  “Our new partnership with Shangri-La further reinforces the island’s position as a global destination offering unrivalled, world-class facilities for Dubai’s residents and tourists. The Palm Tower will be our flagship hotel and the ultimate address on Palm Jumeirah. We are delighted to bring Shangri-La and its world-renowned service and hospitality to what will be the new centrepiece of Palm Jumeirah.”

Greg Dogan, Shangri-La President and CEO, added: “The Palm Tower’s position at the heart of The Palm and alongside the Nakheel mall makes the hotel the ideal location for anyone visiting Palm Jumeirah.  We are thrilled to partner with Nakheel to open a Shangri-La hotel in this must-visit destination.”

The Palm Tower, on which construction is due to start this year, will be directly linked to Nakheel Mall, a new, 418,000 square metre retail and entertainment destination with 300 shops. Nakheel Mall will also feature a diverse range of food and beverage outlets, including 12 fine dining restaurants on its roof terrace, as well as cinemas, a medical centre and fitness centre.  Nakheel has awarded a contract for Dh1.2 billion for the mall’s construction, which is expected to start soon.

The Palm Tower will also have direct bridge access to Club Vista Mare, one of Nakheel’s new beach club complexes on the island, as well as to Al Ittihad Park and the Palm Monorail, which will be connected to the new Dubai Tram system.

Source: Emirates 247