RIU Hotels and Nakheel sign JV
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RIU Hotels & Resorts and Dubai master developer Nakheel have signed a business partnership agreement, with the aim of opening a hotel in Dubai by 2019.
Ali Rashid Lootah, chairman of Nakheel travelled to Mallorca to sign the joint venture agreement with Luis Riu, CEO of RIU Hotels.
Nakheel is planning 10 hotels across Dubai, the first of which opened earlier this month with six more announced or signed.
The planned RIU hotel will be located at Nakheel’s Deira Islands master development boasting 750 rooms.
Luis Riu, CEO of RIU Hotels & Resorts, said that “Dubai is one of the great new centres of international tourism as it represents a strategic enclave on the route between Europe and Asia”.
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