Nakheel awards $50mn contract for new hotel
Nakheel has awarded a construction contract worth AED 184.5mn ($50.2mn) for a second hotel at Ibn Battuta Mall.
Dubai-based Parkway International Contracting will build the 375-room hotel, which has a total project value of AED 240mn.
The property, to be operated by Thailands Minor Hotel Group under its AVANI brand, complements Nakheels first hotel at Ibn Battuta a 372-room Premier Inn that opened last October.
With a built-up area of 278,000 sq ft, the 15-floor AVANI Ibn Battuta Mall features an all-day restaurant, pool, gym and car park for 135 vehicles. It is located next to the recently-opened link connecting the mall to the Dubai Metro.
Last year Nakheel opened 150 new shops and the first hotel at the mall, and last month the company announced AED 850 mn-worth of new projects including a 55-floor residential tower, a 16-screen dine-in cinema complex and a 600-space car park.
The latest development forms part of Nakheels AED 3bn hospitality expansion under which the developer is bringing 16 new hotels and serviced apartment complexes with 5,300 rooms to Dubai.
