Big news for Dubai today: Shangri-La Hotels and Resorts and Dubai-based real estate developer Nakheel have signed a letter of intent for Shangri-La to manage a 290-room hotel in The Palm Tower on Palm Jumeirah. We hear the parties expect to sign a "comprehensive hotel management agreement" for the property in the coming weeks.
Construction of The Palm Tower, part of the new Nakheel Mall and Hotel complex, is slated to begin this year, and the hotel is poised to open in 2016.
The Shangri-La hotel will be located on the first 18 floors of the 52-level building and will offer outdoor family dining, an outdoor pool, a health club and spa. Best of all: Hotel guests will have direct beach club access via a bridge and walkway to Club Vista Mare. They will also have direct access to The Palm Monorail and Nakheel Mall, a new retail, dining and entertainment destination for Dubai also opening in 2016.
One of the world’s largest real estate developers, Nakheel has built up a strong portfolio of landmark projects.
Shangri-La’s new project on Palm Jumeirah, the world’s largest man-made island, is part of the group’s expanding Middle East portfolio. The group currently operates four hotels in Abu Dhabi and Dubai and a resort in Muscat, Sultanate of Oman. Two hotels are also under development in Qatar.