The agreement, recognised by Nakheel Chairman Ali Rashid Lootah and Sébastien Bazin, Chairman and CEO of Accor Hotels at a signing ceremony at the International Luxury Travel Market (ILTM) in Cannes (France)will lead to the opening of PALM360,a spectacular two tower development on the world famous Palm Jumeirah comprising of the Raffles The Palm Dubai Hotel and Raffles Residences PALM360.
The hotel component will offer 125 hotel rooms and suites, whilst the 359 branded residences – including 16 branded penthouses that will each have their own private infinity pool, gym and cinema – will be available for purchase. Residence owners will be able to enjoy Raffles’ legendary services, including concierge, private transportation and in-residence dining. They will also enjoy global VVIP status through an exclusive Ownership Benefits Program.
Following the signing, Nakheel Chairman Ali Rashid Lootah said: “We are committed to playing a key role in realising the Government of Dubai’s vision by continuing to deliver unique, landmark projects that reinforce Dubai’s position as a world-class destination for living, business, leisure and tourism.
“Palm Jumeirah has quickly evolved into one of the most sought-after addresses in the world, offering the ultimate in luxury living and leisure. PALM360 will further enhance the island’s global appeal, which already attracts millions of visitors each year. We are delighted to partner with Accor Hotels for this awe-inspiring development that will take our rapidly-growing hospitality portfolio to new heights, and become the luxury destination of choice for discerning travellers the world over, “he added. . .
The development of Raffles the Palm Dubai Hotel and Raffles Residences PALM360 not only cements our luxury portfolio on a landmark leisure destination but also demonstrates our dedication to developing the most distinct hospitality concepts.”
Bazin further added: “Raffles is a brand that is synonymous with legendary levels of service combined with enchanting design and amenities. These qualities have made the Raffles brand successful as Raffles Dubai celebrates 10 years since opening its doors and welcoming its very first guests. Meanwhile Raffles Singapore, will reopened this summer after an extensive refurbishment to celebrate its 130thanniversary.
Located on Palm Jumeirah’s 11km crescent Boardwalk, PALM360 is close to upcoming attractions such as The Palm Promenade, The Pointe and Nakheel Mall, with Dubai’s key business and leisure hubs within easy reach. The luxury property will offer guests a distinct resort feel with direct private beach access, a specialised private beach club along with thoughtful, personal and discreet service synonymous with the Raffles brand.
PALM360 joins 16 other hotels that form part of Nakheel’s USD1.3 billion hospitality expansion programme that is set to deliver close to 6,000 rooms and hotel apartments across Dubai. The first two hotels, at Dragon Mart and Ibn Battuta Mall, opened last year, with the rest under construction or development.