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.

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