Dubai – Mubasher: Nakheel on Tuesday signed a management agreement with AccorHotels to expand AccorHotels’ Raffles Hotels & Resorts.
Under the agreement, the two tower development PALM360 will be launched on Palm Jumeirah, according to a company statement.
With about 260 meters high and 125 hotel rooms and suites, PALM360 is scheduled to be opened in 2021, Nakheel added.
“PALM360 will further enhance the Palm Jumeirah’s global appeal, which already attracts millions of visitors each year,” said Nakheel’s Chairman Ali Rashid Lootah.
“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,” Sébastien Bazin, AccorHotels’ chairman and CEO commented.
