Dubai-based master developer Nakheel today signed a management agreement with Accor for its 250-room hotel at Dragon Mart.

The hotel, one of nine planned by Nakheel over the next five years - will be managed by Accor under the ibis Styles brand. Construction is now substantially complete.

The hotel is part of Nakheel ‘s AED1 billion, 177,000 square metre Dragon Mart expansion project, which also includes a second mall and a multi-storey car park. The extension is set to double the size of the existing Dragon Mart complex.

Nakheel ‘s other hotels will be located on Palm Jumeirah, Deira Islands, Ibn Battuta Mall and International City.