Accor to manage Nakheel's Dragon Mart

Hotel is one of nine planned by Nakheel over the next five years

NEWS, Business, Accor, Agreement, Construction, NAKHEEL

Dubai-based developer Nakheel has signed a management agreement with Accor for its 250-room hotel at Dragon Mart.

The hotel is one of nine planned by Nakheel over the next five years and will be handled by Accor under the Ibis Styles brand.

Construction of the hotel is near completion and is part of Nakheel’s (AED1bn) Dragon mart expansion project that spans 177,000m2 and includes a second mall and a multi-storey car park.

The extension will double the size of the existing Dragon Mart complex.

The developer had recently posted a 28% increase in first-quarter net profit.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020