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FINANCIAL NEWS
Dubai’s Palazzo Versace resort opening pushed back until 2014
01 Jun 2013
(MENAFN) The opening of Dubai’s AED2.3bn ($626m) Palazzo Versace hotel and resort has been pushed back until 2014, the CEO of Versace told Arabian Business this week, despite developers’ claims the much delayed project would open this summer.
“Now we are finalising Palazzo Versace here in Dubai for 2014. It is now in full speed and will be located on the opposite side of Festival City,” Gian Giacomo Ferraris, CEO of Versace since July 2009, told Arabian Business in an interview.
In March 2012, developer Enshaa Services Group said it would deliver the project by the end of 2013 and was even aiming for a soft opening this summer.
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