Al Rostamani Pegel to build JV hotel rooms
Contractors snaps up deal for 24-storey Nilona-Marriot project
Al Rostamani Pegel (ARP) is to build a hotel and hotel apartments for Nilona Holding near Dubai Healthcare City.
The Dubai-based civil construction firm, a joint venture between Al Rostamani Group and German firm Gustav Pegel & Sohn GmbH, won the main contract for the AED700 million project last week, which has been launched as a joint venture between Onyx Group and Marriot International, which will house the apartments.
The Marriott Hotel & Marriott Executive Apartments is located in Dubai Healthcare City Phase II, and will house 24 storeys, ground floor and three basement floors for parking. The tower will feature 352 guest rooms, 128 apartments, along with health and fitness facitlities comprehensive health and fitness facilities and dining rooms.
“We are extremely proud to have won this contract, as it further adds to our reputation as a company that undertakes high quality construction projects,” said Rolf Weber, Executive Director, Al Rostamani Pegel, now into its eighth years a s a joint venture.
Onyx Group chairman Nandana Lokuwithana said the project “is a step towards harnessing the synergies of Nilona and Al Rostamani Pegel, bringing them together in a fruitful business partnership”.
Construction has already begun, and the expected date of completion of the hotel tower is January 2012.