Accor Hotels and Nakheel signed a deal on Tuesday to build a Raffles hotel and residential tower on Palm Jumeirah.
The building project, named Palm 360, will comprise a Raffles-branded hotel and a residential tower.
The projectn is expected to open in 2021 and will be the first beachside hotel for the Raffles brand in Dubai, as well as Palm Jumeirah’s tallest structure.
Located on Palm Jumeirah’s 11km crescent Boardwalk, the project will join 16 other hotels that form part of Nakheel’s $1.3 billion hospitality expansion programme that is set to deliver close to 6,000 rooms and hotel apartments across Dubai.
Raffles The Palm Dubai Hotel and Raffles Residences Palm 360 will be connected by a 155m-long sky pool situated 170m above the ground.
The hotel will have 125 rooms and suites, while the residential building will include 359 units, including 16 penthouses that will each be equipped with a private infinity pool, a gym, and a cinema hall. The project will also feature a host of high end dining outlets, including two rooftop restaurants and a waterside restaurant, as well as a spa, tennis court and children’s club.
Ali Rashid Lootah, chairman, Nakheel, said, "Palm 360 will further enhance Palm Jumeirah's global appeal, which already attracts millions of visitors each year. We are delighted to partner with AccorHotels for this awe-inspiring development that will take our rapidly-growing hospitality portfolio to new heights, and become the luxury destination of choice for discerning travellers the world over."
Sébastien Bazin, chairman and CEO of AccorHotels, said, “The development of Raffles The Palm Dubai Hotel and Raffles Residences PALM360 not only cements our luxury portfolio on a landmark leisure destination but also demonstrates our dedication to developing the most distinct hospitality concepts.”