Rezidor in Palm deal
International hotel group, Rezidor SAS Hospitality, has been awarded contracts to manage two properties being planned for Dubai's Palm Islands development.The properties, one which will be on the trunk and the other on the crescent of The Palm, are to be built by the Kuwait Commercial Real Estate Centre (KCREC). KCREC signed a $145 million agreement with Dubai Palm Development in January this year for two plots totalling 700,000 sq ft. "Rezidor SAS already successfully operates a number of our properties in the Middle East, most notably in Sharjah and Saudi Arabia, under the Radisson SAS brand," said Abdul Aziz Mubarak Al Hassawi, vice-chairman KCREC. "This successful relationship has now been expanded to take in an ambitious regional development plan," he said. The property for the trunk of The Palm is a 200-room hotel, which will be aimed at the business, leisure and MICE sectors, while the property on the crescent will be focused exclusively on leisure.