Nakheel, Centara form JV for Dubai resort
Hotel management agreement confirmed for 600-room beachfront resort at Deira Islands
The Dubai-based master developer Nakheel and Thai hotel group Centara Hotels & Resorts have announced the official formation of a joint-venture company for a 600-room beachfront resort and waterpark at Dubai’s Deira Islands.
A management agreement was also signed for the resort, according to a statement from Nakheel.
The joint venture was cemented by Nakheel Chairman Ali Rashid Lootah and Centara Chairman of the Board, Suthikiati Chirathivat, at a signing ceremony at Centara’s headquarters in Bangkok.
It will deliver a family-centric lifestyle destination at Deira Islands, Nakheel’s new, 15.3 sq km waterfront city that is set to become Dubai’s newest tourism hotspot.
The resort will also be managed by Centara, whose portfolio already includes over 14,000 room keys across 67 hotels and resorts in Asia, Indian Ocean and the Middle East.
The resort, set to open in 2020, is the first Centara establishment in the UAE and will cover an area of almost 300,000 sq ft. Features will include a waterpark, multiple restaurants, kids’ club, spa and fitness centre, and business facilities.
Nakheel Chairman Ali Rashid Lootah said: “This strategic joint venture underlines our commitment to bringing new hospitality concepts to Dubai in line with the government’s tourism vision. Today’s crucial milestone allows us to move forward with the construction and delivery of this exciting new resort, which will undoubtedly be one of Dubai’s most sought-after destinations for travellers the world over.”
Suthikiati Chirativat, Chairman of the Board for Centara Hotels & Resorts added: “The official formation of the joint venture company and signing of the hotel management agreement is the natural next step following the joint venture agreement last December. This is the rubber stamp that paves the way for the finalisation of the design and development of our first resort in the United Arab Emirates. With Nakheel’s development expertise and Centara’s record of delivering best-in-class hospitality and inspiring extraordinary guest experiences, we will create a unique resort that surprises and delights guests for years to come.”
