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FINANCIAL NEWS
Dubai’s Jumeirah set to open first Sapaish property in March
28 Feb 2012
(MENAFN) Dubai Holding hotel arm Jumeirah is preparing to open its first property in Spain in March, at a cost of more than USD1.3 million per suite, Arabian Business reported.
Local estate agents Mallorca Sotheby’s International Realty said five-star, 120-room Jumeirah Port Soller Hotel and Spa will be “the most luxurious hotel in the country”.
Gerald Lawless, CEO of Jumeirah is looking at doubling its properties under management globally this year and tapping into growing tourism demand.
Construction work on the hotel began in 1996, but was halted in 2002 due to planning and financial setbacks.
The building was first bought by German company Deka Immobilien GmbH and then leased to the Jumeirah Group under a long term contract.
The hotel will include a11 cube-shaped buildings and will host Talise Spa and five restaurants and bars including the speciality Cap Roig seafood restaurant.
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