Nakheel gets ball rolling on Palm Tower Shangri-La
08 September, 2014
Hotelier Middle East
Dubai developer Nakheel is inviting tenders for the construction of a 50-storey mixed-use project on Palm Jumeirah, which will house a Shangri-La hotel. Earlier this year, Shangri-La Hotels and Resorts and Nakheel signed a letter of intent for Shangri-La to manage a 290-room hotel in The Palm Tower. Built on an area of 95,595 square metres, The Palm Tower will house a five-star, 290-room hotel and 502 furnished services apartments, the company said in a statement. Part of the new Nakheel Mall and Hotel complex, the project is due for completion in 2016.