Hakkasan to open luxury hotel on Palm Jumeirah

26 September 2013

The Palm Jumeirah venture will be Hakkasan’s first hotel project

London-based restaurant and nightclub group Hakkasan Limited has announced plans to open a new luxury hotel on Dubai’s Palm Jumeirah.

Hakkasan, which is owned by Abu Dhabi investment company Tasameem, said the beachfront property on the crescent of the man-made island will be developed by its hospitality arm, HKK Hospitality.

The firm said it has appointed Aabar Properties to oversee construction of the resort and has asked a “select group” of architects and designers to bid for design work on the scheme.

The project will be the first hotel for the modern Cantonese restaurant brand, which first opened in London in 2001 and has since expanded globally to the US, India, Qatar and the UAE.

Hotel activity on the Palm Jumeirah has picked up in recent months. In July, Dubai-based developer Nakheel said it sold two hotel plots on the Palm’s crescent for a combined total of nearly AED700m ($190.5m). The developer said a plot to the west of Atlantis was sold to a GCC investor for AED556m, while a local investor purchased a plot on the eastern crescent for AED139m.

In June, Dubai-based Skai Holdings awarded Beijing-based China State Construction Engineering Corporation (CSCEC) the estimated AED1bn ($272m) contract to build the Viceroy resort on the man-made island.

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