Jumeirah bags lucrative hotel deal

Luxury hotel group, Jumeirah has signed an agreement with real estate giant, Nakheel to manage several hotels on The Palm Jumeirah and has claimed plans for the opening of the first phase are on target.

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By  Joseph Mortimer Published  September 24, 2006

Luxury hotel group, Jumeirah has signed an agreement with real estate giant, Nakheel to manage several hotels on The Palm Jumeirah and has claimed plans for the opening of the first phase are on target. Under deal terms, Jumeirah will have complete operating and management responsibilities for Trump International Hotel & Tower, The Palm Jumeirah, the Jumeirah Shoreline Hotel & Yacht Club and five beach clubs on the trunk of The Palm. “The agreement is a strategic alliance that forms part of a long-term strategy between the two organisations,” Manal Shaheen general manager VIP sales, Nakheel, a key member of the team delivering The Palm Jumeirah told ATN. “Although Jumeirah will not be responsible for the operation of all our hotel developments, where it is deemed appropriate and the synergy fits with Nakheel requirements, particularly in the local market, it is extremely likely that Jumeirah will be invited to play a major role in that development,” she said. Progress on the first phase of The Palm is well on schedule for a November opening as the finishing touches are added to the necessary infrastructure. “We are currently in the process of adding 78kms of beach, and the end of July saw the opening of the gateway bridge onto The Palm Jumeirah,” added Shaheen. “The opening of the bridge for construction traffic was an important step forward; we can now quickly and efficiently move potentially 40,000 workers and 5000 vehicles on and off The Palm.” There will be more than 30 hotels on The Palm, eight of which are already under construction, including The Taj Exotica and Spa, which is planned for completion in late 2008/early 2009, and the first phase of Atlantis, The Palm, which is scheduled to be completed by December 2008.

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