Budget hotel booked for Palm Jumeirah
Byblos Hospitality to build new 144-room low cost hotel on islands
Nakheel’s Palm Jumeirah development is moving into the budget hotel sector.
The National newspaper reported that Dubai-based Byblos Hospitality will build a new 144-room low cost hotel on the islands, in a project worth less than $50mn.
“The Palm Jumeirah property will cater to tourists mainly but also to meetings and events [sector],” said Jean Samman, the chairman of Byblos Hospitality, told the paper.
“Most of the beach hotels are five-star properties but with the new destinations that [Dubai’s Department of Tourism and Commerce Marketing] and Emirates Airlines have opened up for Dubai, the tourist volumes have increased and budget accommodations are needed now; moreover, four-star hotels do not need huge investments.”
The Palm Jumeirah is more famous for its range of five start hotels including The Atlantis, The Fairmont Palm and Rixos – with a new $1.7bn Palm Viceroy Hotel currently under construction.
According to the paper, the new budget hotel will be built on the trunk of the island opposite the One and One Royal Mirage.