AccorHotels has announced an agreement, with developer Nakheel, to build the first beachside property for the luxury Raffles Hotel and Resorts brand in Dubai.
The agreement will lead to the opening of Palm360, a two tower development on Palm Jumeirah comprising of the Raffles The Palm Dubai Hotel and Raffles Residences Palm360.
Set to open in 2021, Palm360 will be the first beachside resort for Raffles in Dubai and the tallest structure on Palm Jumeirah.
Following the signing, Nakheel Chairman Ali Rashid Lootah said: “We are committed to playing a key role in realising the Government of Dubai’s vision by continuing to deliver unique, landmark projects that reinforce Dubai’s position as a world-class destination for living, business, leisure and tourism.
“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,” he added
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.”