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Cannes, France – December 5, 2017 – AccorHotels, the world-leading travel and lifestyle group, signed a management agreement today with leading Dubai-based master developer Nakheel for the expansion of AccorHotels’ globally-renowned luxury brand, Raffles Hotels & Resorts.
The agreement, recognized by Nakheel Chairman Ali Rashid Lootah and AccorHotels Chairman and CEO Sébastien Bazin at a signing ceremony at the International Luxury Travel Market (ILTM) in Cannes (France) will lead to the opening of PALM360, a spectacular two tower development on the world famous Palm Jumeirah comprising of the Raffles The Palm Dubai Hotel and Raffles Residences PALM360.
Set to open in 2021, PALM360 will be the first beachside resort for Raffles in Dubai and the tallest structure on Palm Jumeirah. At almost 260 meters high, PALM360 will offer unobstructed views of Palm Jumeirah, the spectacular Arabian Gulf coastline and Dubai skyline. Its centerpiece will be a 155 meter long sky pool, connecting the towers 170 meters above the ground, where guests can enjoy stunning, uninterrupted views from a unique vantage point.
The hotel will offer 125 hotel rooms and suites, whilst the 359 branded residences – including 16 branded penthouses that will each have their own private infinity pool, gym and cinema – will be available for purchase. Residence owners will be able to enjoy Raffles’ legendary services, including concierge, private transportation and in-residence dining. They will also enjoy global VVIP status through an exclusive Ownership Benefits Program.
The hotel and residential complex will feature a host of high end dining outlets, including two rooftop restaurants commanding sweeping views and a waterside restaurant in a spectacular poolside and beachside setting. A specialty restaurant will provide a venue for lavish culinary presentations throughout the day and a specially-designed lobby lounge will serve top-flight fare in luxurious surroundings.
Following the signing, Nakheel Chairman Ali Rashid Lootah said: “We are committed to playing a key role in realizing the Government of Dubai’s vision by continuing to deliver unique, landmark projects that reinforce Dubai’s position as a world-class destination for living, business, leisure and tourism.
“Palm Jumeirah has quickly evolved into one of the most sought-after addresses in the world, offering the ultimate in luxury living and leisure. PALM360 will further enhance the island’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 travelers the world over,” he added.
Sébastien Bazin, Chairman and CEO of AccorHotels, commented: “Today’s announcement in collaboration with Nakheel marks the much-anticipated expansion of one of our most illustrious luxury brands as well as a new momentum in our great partnership with Chairman Ali Rashid Lootah whom I would like to thank for his support and confidence. 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.”
Bazin further added: “Raffles is a brand that is synonymous with legendary levels of service combined with enchanting design and amenities. These qualities have made the Raffles brand successful as Raffles Dubai celebrates 10 years since opening its doors and welcoming its very first guests. Meanwhile Raffles Singapore will reopen this summer after an extensive refurbishment to celebrate its 130thanniversary. Drawing on this timeless essence and history, we are confident that Raffles The Palm Dubai will also become a remarkable addition to the Raffles collection and a must-visit property for global travelers.”
Recognizing that wellness is a vital component of daily life, especially for guests on the go, the resort will feature high-quality, well-equipped fitness and wellbeing facilities at the Raffles Spa, Health Club and tennis court. The hotel and branded residences will also feature a fully-supervised children’s club to complement its leisure offering.
Located on Palm Jumeirah’s 11km crescent Boardwalk, PALM360 is close to upcoming attractions such as The Palm Promenade, The Pointe and Nakheel Mall, with Dubai’s key business and leisure hubs within easy reach. The luxury property will offer guests a distinct resort feel with direct private beach access, a specialized private beach club along with thoughtful, personal and discreet service synonymous with the Raffles brand.
PALM360 joins 16 other hotels that make up Nakheel’s USD1.3 billion hospitality expansion program that is set to deliver close to 6,000 rooms and hotel apartments across Dubai. The first two hotels, at Dragon Mart and Ibn Battuta Mall, opened last year, with the rest under construction or development.
Raffles The Palm Dubai and Raffles Residences PALM360 joins 11 Raffles Hotels & Resorts around the world, including Raffles Dubai. The remarkable collection of charming luxury hotels and resorts is located in many of the world’s largest cities and holiday destinations such as Paris, Istanbul and the Seychelles. Raffles properties feature distinct amenities including the Raffles Butler Service, Raffles Spa, Raffles Long Bar and Raffles Writers Bar.
About Nakheel (www.nakheel.com)
Nakheel is one of the world’s leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 24,000 residential units under construction or in the pipeline.
Nakheel’s current and future retail project portfolio covers 17.3 million square feet of leasable space. Developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall, Nad Al Sheba Mall and Discovery Gardens Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. The retail profile also includes several neighbourhood community centres, known as Nakheel Pavilions.
Our growing hospitality project portfolio comprises 17 hotels and serviced apartment developments with nearly 6,000 rooms and hotel apartments between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City. Two are currently open and operational, with the rest at various stages of construction and development.
About Raffles Hotels & Resorts
Raffles Hotels & Resorts is a luxury brand with an illustrious history dating back to 1887 when the world-renowned Raffles hotel first opened its doors in Singapore. Today, the remarkable collection includes twelve extraordinary properties in many of the world’s best cities and top holiday destinations including favourites such as Paris, Istanbul, and the Seychelles. Many more exciting locations are also on the horizon with new hotels being developed in destinations such as Warsaw and Jeddah. Whether it’s a secluded resort or a lively city-centre, each Raffles promises an oasis of calm and charm and a compelling mix of cultures and styles, and has its very own story to tell. Part of AccorHotels, a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,100 hotels, resorts and residences, as well as in over 10,000 of the finest private homes around the globe. Raffles is proud to draw on the timeless essence of Raffles – to deliver thoughtful, personal and discreet service to well-travelled guests. For more information or reservations, please visit raffles.com.
AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,200 hotels, resorts and residences, as well as in over 10,000 of the finest private homes around the globe. Benefiting from dual expertise as an investor and operator, AccorHotels operates in 95 countries. Its portfolio comprises internationally acclaimed luxury brands including Raffles, Sofitel Legend, Fairmont, SO Sofitel, Sofitel, onefinestay, Rixos, MGallery by Sofitel, Pullman, Swissôtel and 25hours Hotels; the popular midscale and boutique brands Novotel, Mercure, Mama Shelter and Adagio; much-prized economy brands including JO&JOE, ibis, ibis Styles, ibis budget and the regional brands Grand Mercure, The Sebel and hotelF1. AccorHotels provides innovative end-to-end services across the entire traveler experience, notably through the acquisition of John Paul, the world leader in concierge services.
With an unmatched collection of brands and a rich history spanning close to five decades, AccorHotels, along with its global team of more than 250,000 dedicated women and men, has a purposeful and heartfelt mission: to make every guest Feel Welcome. Guests enjoy access to one of the world’s most rewarding hotel loyalty programs – Le Club AccorHotels.
AccorHotels is active in its local communities and committed to sustainable development and solidarity through PLANET 21, a comprehensive program that brings together employees, guests and partners to drive sustainable growth.
Accor SA shares are listed on the Euronext Paris stock exchange (ISIN: FR0000120404) and traded in the United States on the OTC market (Ticker: ACRFY).
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