Nakheel Hotels to open 1st W Hotel in Washington DC
Dubai, 20 January: The façade of Nakheel-owned W Hotel Washington DC provided a fitting backdrop today for the historic occasion of the inauguration of new American president Barak Obama. With a rooftop terrace overlooking the manicured lawns of the Whitehouse, contractors at the hotel today will take a break from renovation works to take advantage of its prime location to watch the scenes unfolding below them.
Nakheel purchased the famous Hotel Washington in 2006. The hotel, which was first opened in 1917, is scheduled to reopen as Washington DC's first W hotel in late summer of 2009 after undergoing a multi-million dollar facelift.
Joe Sita, CEO of Nakheel Hotels commented:
"Nakheel Hotels is looking forward to the opening of Washington DC's first W Hotel later this year. The W brand will bring new life to this historic hotel and we expect that the W Washington DC will soon be the ultimate destination for discerning visitors and DC residents."
This historic hotel has hosted numerous presidents, heads of state, Supreme Court Justices, and celebrities over the past 90 years, and boasts a stunning rooftop terrace with unprecedented views of Washington DC that has provided backdrops for such movies as "The Godfather: Part II" and "No Way Out."
Nakheel Hotels maintains an impressive portfolio of landmark properties on several continents, including a number of other hotels in North America - the Mandarin Oriental and W Union Square hotels in New York; the One & Only Palmilla Resort in Los Cabos, Mexico; and the Fontainebleau Hotel in Miami.
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About Nakheel:
Nakheel is one of the world's largest privately held real estate developers, and a key player in realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism.
Nakheel is developing an iconic portfolio of innovative landmark projects in Dubai, and now in key markets around the globe, across a range of sectors - residential, commercial, hotels, retail, and leisure. Nakheel's projects are conservatively estimated to be worth US$80 billion. Upon completion Nakheel's waterfront projects will have added more than 1000km of shoreline to Dubai's coastline.
Nakheel's Dubai portfolio currently includes The Palm Jumeirah, The Palm Jebel Ali, The Palm Deira, The World, Waterfront, The Universe, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Ibn Battuta Mall, Al Furjan, International City, and Dragon Mart.
Nakheel is a key entity within Dubai World. Dubai World is one of the world's largest holding companies and supervises a portfolio of businesses and projects for the Dubai government across five continents and more than 100 countries.
Further information can be found at www.nakheelmediacentre.com
About Nakheel Hotels
Nakheel Hotels is an integrated hotel development, investment and asset management business with investments under management currently in excess of $3.5 billion.
Nakheel Hotels' goal is to deliver exceptional returns through the acquisition and active management of luxury hotels in key gateway cities and resorts around the world, together with strategic equity investments and investment in branded budget hotels in key growth markets. Building and leveraging relationships with key strategic partners is central to the company's investment strategy.
Investments include the Mandarin Oriental and W Union Square hotels in New York, W Hotel Washington DC, the One & Only Palmilla Resort in Los Cabos, Mexico and significant equity stakes in Kerzner, operator of the Atlantis and One&Only brands, and International Hotel Investments plc, owner of a portfolio of hotels in Europe and North Africa operated under the Corinthia brand. Nakheel Hotels also has significant investments in the budget hotel sector, holding the master franchise rights for easyHotels.com in the MENA region with the first hotels under development in Dubai, and an investment in Tune Hotels in the ASEAN region.
For more information please contact:
Nakheel
Lashley Pulsipher,
Senior PR & Communications Executive
+971 4 375 3797/+971 (0)50 658 2052
lashley.pulsipher@nakheel.com
© Press Release 2009
