ACC awarded contract for US $237m Abu Dhabi hotel
Contractor to build Dennis Lems-designed Regent Emirates Pearl Hotel
The Atlas Group, in a joint venture with Tourism Development & Investment Company (TDIC), has awarded the contract to build the Regent Emirates Pearl Hotel in Abu Dhabi to Arabian Construction Co by at an estimated value of AED 870 million (US $237m).
The property, designed by Australian architect Dennis Lems, sits on a 10,000m² plot and will consist of four podium levels in excess of 45 floors, 377 rooms and suites and 60 furnished apartments. ACC is scheduled to complete the work on the corniche hotel by 2012.
ACC chairman Ghassan Abdullah Merehbi described the contract as “an exciting project for ACC to be involved with as the development is set to become a landmark of the Abu Dhabi skyline.”