Dubai - Mubasher: The UAE’s Nakheel and Thailand’s Centara Hotels & Resorts on Monday announced the formation of a joint venture (JV) company and signed a management agreement for their 600-room beachfront resort and waterpark at Dubai’s Deira Islands.
As Centara’s first establishment in the UAE, the 300,000-square-foot resort will comprise a waterpark and multiple restaurants and business facilities, according to a statement by Nakheel.
The Dubai-based property developer said that 50 rooms were added to the original plan of the hotel’s design, increasing the total number of the rooms to 600.
With a portfolio of over 14,000 rooms across 67 hotels and resorts in Asia, the Indian Ocean and Middle East, Centara will manage the resort, Nakheel added.
“This strategic joint venture underlines our commitment to bringing new hospitality concepts to Dubai in line with the government’s tourism vision,” said Nakheel chairman Ali Rashid Lootah.
“Today’s crucial milestone allows us to move forward with the construction and delivery of this exciting new resort, which will undoubtedly be one of Dubai’s most sought-after destinations for travellers the world over,” he added.
Under its AED 5 billion hospitality expansion plan, Nakheel will deliver 17 hotels, resorts and serviced apartment complexes, in addition to 6,000 rooms and hotel apartments across Dubai.
“The official formation of the joint venture company and signing of the hotel management agreement is the natural next step following the joint venture agreement last December,” Suthikiati Chirativat, Centara’s chairman concluded.
The Centara JV is Nakheel’s second deal on the Deira Islands, with the first being with Spain’s RIU Hotels & Resorts, and whose AED 6701 million 800-room project is currently underway.
