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Nakheel breaks ground on $65mn hotel at Ibn Battuta Mall

Dubai master developer Nakheel has broken ground on a new, 375-room hotel at Ibn Battuta Mall, with a total project value of AED 240mn ($65mn).

The ground-breaking ceremony – Nakheel’s second in a week – was led by Chairman Ali Rashid Lootah and comes a month after the company handed a construction contract worth AED 184.5mn to Dubai-based Parkway International Contracting LLC to build the hotel, which will be operated by Thailand’s Minor Hotel Group under the AVANI brand.

Set for delivery in 2019, the AVANI is the second Nakheel hotel at Ibn Battuta Mall and one of 18 in the company’s growing hospitality project portfolio.

Nakheel is investing AED 5bn in the sector, bringing over 5,800 rooms and serviced apartments to Dubai in line with the government’s 2021 vision.

Chairman Ali Rashid Lootah said: “Today is yet another major milestone for our hospitality business that highlights our commitment to Vision 2021, further reinforces our position as a leading player in Dubai’s ever-diversifying hospitality sector and cements our partnership with Minor Hotel Group.”

The ground-breaking ceremony came a week after construction began at Nakheel’s AED 176mn, 304-room Premier Inn hotel at Dragon City.

Located next to the new link connecting Ibn Battuta Mall with the Dubai Metro, the AVANI has a built-up area of 278,000 sq ft across 15 floors. It complements Nakheel’s first hotel at Ibn Battuta – a 372-room Premier Inn – which opened last October.

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