Viceroy Hotel Group has made one of its most important portfolio additions to date, announcing the planned 2017 opening of Viceroy Dubai, Palm Jumeirah. The $1 billion dollar endeavour marks the company’s first venture into Dubai and its second in the United Arab Emirates alongside sister property Yas Viceroy Abu Dhabi.
Rixos Hotels is to mark its Middle East debut by managing a new property on the Palm Jumeirah. The Turkish luxury hospitality brand steps in after Jumeirah Group, the brand behind Dubai’s iconic Burj al Arab, terminated its contract with Al Fattan Properties to manage Jumeirah Al Fattan Palm Resort.
Brad Pitt and David Beckham are thought to be among those caught up in Dubai’s latest credit squeeze, as developer Nakheel has asked creditors for a six-month “standstill” on debt repayments totalling US$59 billion. The Dubai government has also called in accountants Deloitte to advise on restructuring the business, stoking fears that Nakheel will be unable to continue with the Palm Jumeirah, leaving one of Dubai’s landmark developments a construction site.
Breaking Travel News interviews Ian Scott, Director of Tourism and Marketing, Dubai Representative Office in UK & Ireland at World Travel Market 2007 about Atlantis which will be opening on the Palm Jumeirah. Scott also talks about the entry of Silverjet and the expansion of the tourism product.