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Eye of Riyadh
Business & Money | Wednesday 22 March, 2017 12:09 am |
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Nakheel awards AED184.5 million construction contract for new hotel at Ibn Battuta Mall

Dubai master developer Nakheel today awarded a construction contract worth AED184.5 million for a second hotel at Ibn Battuta Mall. 

Dubai-based Parkway International Contracting LLC has been appointed to build the 375-room hotel, which has a total project value of AED240 million. It forms part of Nakheel’s AED3 billion hospitality expansion under which the developer is bringing 16 new hotels and serviced apartment complexes – with 5,300 rooms – to Dubai.

The new hotel, to be operated by Thailand’s Minor Hotel Group under its AVANI brand, complements Nakheel’s 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.

The hotel is part of a large-scale, phased expansion at Ibn Battuta that will turn the already highly-popular retail hub into a sprawling mixed-use community.

Last year Nakheel opened 150 new shops and the first hotel at the mall, and last month the company Nakheel announced AED850 million-worth of new projects including a 55-floor residential tower, a 16-screen dine-in cinema complex and a 600-space car park. When complete, the complex will have 2.2 million sq ft of shop space, 810 apartments and 747 hotel rooms.

 

 

Nakheel’s 16-strong hospitality portfolio includes hotels and serviced apartment buildings – from luxury to more modest accommodation – at locations across Dubai:

 

Location

Type

Rooms

Partner/Operator

Status

Dragon City

Hotel

251

Accor - ibis Styles

Operational

Dragon City

Hotel

295

Whitbread - Premier Inn

Construction starting Q2 2017

Ibn Battuta Mall

Hotel

372

Whitbread - Premier Inn

Operational

Ibn Battuta Mall

Hotel

375

Minor – AVANI

Construction starting Q2 2017

Palm Jumeirah (The Palm Tower)

Hotel

289

Starwood - St Regis

Under construction

Palm Jumeirah

(Palm 360)

Hotel x 2

110 (total)

To be confirmed

Design stage

Jumeirah Village

Hotel

256

Hilton – DoubleTree (MoU)

Under construction

Deira Islands

Resort

800

JV - Nakheel/RIU

Agreement signed

Deira Islands

Resort

550

JV – Nakheel/Centara

Under construction

Deira Islands

Hotel x 4

1,000 (total)

To be confirmed

Design stage

Deira Islands

Serviced apts x 2

1,000 (total)

To be confirmed

Design stage

TOTALS

 

5,298

 

 

 

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