Bawadi deal for $217.8m Pirates Cove Hotel
PERHAPS inspired by piratemania all across the world, Bawadi, the world’s largest hospitality destination, has signed an agreement with Gantoot Star General Trading to develop Pirates Cove Hotel & Resorts at an investment cost of Dh800 million ($217.8 million).
Pirates Cove Hotel & Resorts will be one of the 31 thematic hotels currently under development at Bawadi in Dubai.
With a four-star rating, it will comprise 800 rooms and six restaurants offering authentic and live pirate shows, antique exhibitions, jewellery displays and auctions that transport visitors to a time when “skull and cross-bone” black-flagged ships ruled the waves.
Bawadi chief executive officer Arif Mubarak and Gantoot Star General Trading chairman Saqer bin Daen signed the agreement.
Saqer bin Daen said “Aware of the high level of proficiency that Bawadi expects of any vendor, Gantoot will leverage its vast experience from diverse business sectors to create a distinctive tourist landmark in Dubai.”
Arif Mubarak said Bawadi’s alliance with Gantoot Star is a win-win equation. “A highly diversified group that is currently witnessing phenomenal growth, Gantoot Star will add immense value to the offering of Bawadi.”
The Dh100 billion hospitality and tourism development project representing a unique fusion of culture, history and leisure, Bawadi was launched on May 1. Over the next eight years, Bawadi projects will double the current number of hotel rooms in the city, offering a total of 29,200 rooms.
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