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FINANCIAL NEWS
Dubai-Nakheel awards USD37mn Dragon City hotel deal
06 Apr 2017
(MENAFN) Dubai-based developer Nakheel has given an USD37bn construction deal to Al Ghurair Contracting and Engineering Works for its second hotel at the Dragon City.
Furthermore, with a total project value of 176mn dirhams, the 304-room Premier Inn hotel is one of the 16 new properties in Nakheel’s 3bn dirhams hospitality portfolio with 5.300 rooms.
Additionally, Primer Inn Dragon City is one of two Nakheel hotels organized by the British hospitality brans, while the first, a 372 room hotels at Ibn Battuta Mall was opened in Oct 2017.
The hotel, which is set for delivery in 2019 will have a restaurant, Costa coffee shop and gym and will span 178.000 square feet over eight floors.
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