Tourism Breaking News
UAE developer Nakheel and Thai hotel group Centara Hotels and Resorts have signed a joined venture agreement to create a 550-room, AED500 million beachfront resort with waterpark at Deira Islands in Dubai. Under the agreement, cemented in Bangkok by Nakheel Chairman Ali Rashid Lootah and Centara Chairman Suthikiati Chirathivat, the two companies will deliver an upscale resort on a prime stretch of beach on Deira Islands – Nakheel’s new, 15.3 sq km, world-class tourism, leisure, retail and entertainment hub that will contribute significantly to the Government of Dubai’s tourism vision.
Nakheel’s joint venture with Centara is the latest development in the company’s aggressive expansion into Dubai’s hospitality sector and its second international joint venture for Deira Islands. The first, an 800-room, AED900 million all-inclusive resort and waterpark with Spain’s RIU Hotels & Resorts, was confirmed in February last year. As the first Centara establishment in the UAE, the new resort will cover an area of 295,900 sq ft. Features include a waterpark, dining facilities, business centre, kids’ club, spa and fitness centre. The resort is anticipated to have soft opening in 2019 and grand opening in 2020.
Centara Hotels & Resorts is part of Central Group, one of Thailand’s most prominent family-owned conglomerate holding companies that is involved in merchandising, real estate, retailing, hospitality and restaurants. Centara’ s portfolio currently includes around 14,000 room keys across 65 hotels and resorts under six distinctive brands in Asia, Indian Ocean, and the Middle East.
