France: AccorHotels has signed a management agreement with Nakheel
AccorHotels has signed a management agreement with leading Dubai-based developer Nakheel for the expansion of AccorHotels’ luxury brand, Raffles Hotels & Resorts.
The agreement, which was recognised today by Nakheel Chairman Ali Rashid Lootah and Sébastien Bazin, Chairman and CEO of AccorHotels at a signing ceremony at the International Luxury Travel Market (ILTM) in Cannes, France, will lead to the opening of PALM360, a huge two tower development on the famous Palm Jumeirah comprising the Raffles The Palm Dubai Hotel and Raffles Residences PALM360.
PALM 360 will be the first beachside resort for Raffles in Dubai and the tallest structure on Palm Jumeirah. At almost 260 meters high, PALM360 will offer views of Palm Jumeirah, the Arabian Gulf coastline and Dubai skyline. Its centrepiece will be a 155 metre long sky pool, connecting the towers 170 metres above the ground.
The hotel will feature 125 hotel rooms and suites, whilst the 359 branded residences – including 16 branded penthouses that will each have their own private infinity pool, gym and cinema – will be available for purchase. Residence owners will enjoy Raffles’ services, including concierge, private transportation and in-residence dining. They will also enjoy global VVIP status through an exclusive Ownership Benefits Program.
Nakheel Chairman Ali Rashid Lootah said: “…Palm Jumeirah has quickly evolved into one of the most sought-after addresses in the world, offering the ultimate in luxury living and leisure. PALM360 will further enhance the island’s global appeal, which already attracts millions of visitors each year. We are delighted to partner with AccorHotels for this awe-inspiring development that will take our rapidly-growing hospitality portfolio to new heights, and become the luxury destination of choice for discerning travellers the world over.”
Sébastien Bazin, Chairman and CEO of AccorHotels, commented: “Today’s announcement in collaboration with Nakheel marks the much-anticipated expansion of one of our most illustrious luxury brands as well as a new momentum in our great partnership relation with Chairman Ali Rashid Lootah whom I would like to thank for his support and confidence. The development of Raffles The Palm Dubai Hotel and Raffles Residences PALM360 not only cements our luxury portfolio on a landmark leisure destination but also demonstrates our dedication to developing the most distinct hospitality concepts.”
Raffles The Palm Dubai and Raffles Residences PALM360 joins 11 Raffles Hotels & Resorts around the world, including Raffles Dubai. The hotel is set to open in 2021.