Nakheel awards AED184mn contract for Ibn Battuta hotel

A motorcyclist enters the premises of Emirati property developers Nakheel in Dubai on March 25, 2010. Dubai World, a state-owned conglomerate of 10 firms including cash-strapped real estate giant Nakheel, said on March 25, 2010 it has proposed to pay its full debt to creditors through the issuance of two tranches of new debt maturing in five and eight years. AFP PHOTO/KARIM SAHIB (Photo credit should read KARIM SAHIB/AFP/Getty Images)

 

DUBAI / WAM

Nakheel Properties awarded a construction contract worth AED184.5 million for a second hotel at the Ibn Battuta Mall in Dubai.
Dubai-based Parkway International Contracting has been appointed to build the 375-room hotel, which has a total project value of AED240 million. It forms part of Nakheel’s AED3 billion hospitality expansion under which the developer is bringing 16 new hotels and serviced apartment complexes with 5,300 rooms to Dubai.
The new hotel, to be operated by Thailand’s Minor Hotel Group under its AVANI brand, complements Nakheel’s first hotel at Ibn Battuta, the 372-room Premier Inn, which opened last October.
With a built-up area of 278,000 sqft, the 15-floor AVANI Ibn Battuta Mall will feature an all-day restaurant, pool, gym and car parking for 135 vehicles. It is located next to the recently-opened link connecting the mall to the Dubai Metro.

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