The St. Regis Dubai - The Palm will be the centrepiece of Nakheel's 52-storey Palm Tower, and will feature a 50th floor 360 degree infinity swimming pool

Dubai, 26 November 2015

Dubai master developer Nakheel today signed a management agreement with the Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) to operate a new St. Regis in Dubai.

Set to open in 2018, The St. Regis Dubai - The Palm will be a part of Palm Tower, Nakheel's 52-storey luxury mixed-use development and the centrepiece of Dubai's world-famous, award-winning Palm Jumeirah island.

The St Regis Dubai - The Palm will offer 289 guest rooms, including 23 suites, occupying the first 18 floors of The Palm Tower, while the upper floors will comprise 504 luxury apartments. The hotel will feature two swimming pools, including the one of the world's highest infinity pools. Located on the 50th floor, some 210 metres above ground, the pool will border all four sides of the building, offering 360 degree, panoramic views of Palm Jumeirah, Arabian Gulf and Dubai skyline.

The hotel will offer various dining experiences including a signature restaurant with sweeping city views located on the 51st level, a St. Regis Beach Club and an all-day restaurant, making it one of the most desirable addresses on The Palm. The hotel will also feature a public rooftop viewing deck on the 52nd floor.  Located adjacent to the luxury Nakheel Mall and Al Ittihad Park, the hotel will also offer beach access to guests.

Guests at The St Regis Dubai - The Palm will experience renowned hallmarks of the St. Regis brand, including the signature St. Regis Butler Service, providing anticipatory service and customising each stay according to specific tastes and preferences. The hotel will offer easy access to Al Ittihad Park, Palm Jumeirah's 1.1 million sq ft green oasis featuring more than 60 varieties of plants indigenous to the UAE and a 3.2 km looped running track. The Palm Monorail, which is connected to the Dubai Tram and Dubai Metro, is also within easy reach.

Nakheel Chairman, Ali Rashid Lootah, said: "Palm Jumeirah is a global destination offering the ultimate in luxury living and leisure. Our partnership with Starwood to open a St. Regis on the Palm reinforces what the island is all about: unrivalled, world-class facilities that set new standards for residents and tourists. The Palm Tower will be the jewel in the crown of this world-famous island and a new architectural wonder for Dubai. We are delighted to have partnered with St Regis - another name synonymous with luxury - to represent our flagship hotel, and one of the most sought-after establishments in the region."

Neil George, Senior Vice President, Acquisitions & Development, Starwood Hotels & Resorts Middle East and Africa, said: "We are pleased to be entering into this partnership with Nakheel for this iconic development which will further consolidate Starwood's strong growth momentum in Dubai, where we continue to see strong demand for high-end hotel accommodations. The continued growth of the St. Regis brand in the UAE underpins our commitment to Starwood's luxury portfolio in this dynamic market."

St. Regis made its debut in the Middle East in 2011 with The St. Regis Saadiyat Island Resort in Abu Dhabi, rapidly growing its portfolio in the Middle East with The St. Regis Doha, The St. Regis Abu Dhabi, and now, the newly opened St. Regis Dubai. The brand will enter Jordan with The St. Regis Amman in 2016 and in 2018 will open the brand's first polo resort, The St. Regis Dubai Al Habtoor Polo Resort and Club.

The Palm Tower

One of 10 new hospitality projects underway by Nakheel, St. Regis is the latest in a growing list of world-famous luxury hotel brands on Palm Jumeirah, which also includes Starwood's W Dubai - The Palm.

The Palm Tower, for which Nakheel awarded a construction contract for AED819 million in October this year, will be directly linked to Nakheel Mall, a new, 4.4 million square foot retail and entertainment destination by Nakheel.  The mall will have 350 shops offering everything from everyday conveniences to the best in luxury goods, with key tenants including British upscale supermarket Waitrose and a 15-screen Vox cinema. Nakheel Mall, where 60 per cent of retail space is booked, will also feature 12 fine dining restaurants on its roof terrace, as well as a medical centre and fitness complex. Construction is ongoing, with completion due in 2018.

The Palm Tower Residences - 504 furnished studios and one, two and three bedroom apartments with uninterrupted, panoramic island, water and skyline views - start at AED1.7 million. For more information, visit the Nakheel Sales Centre, Al Sufouh Road, Dubai; call +971 4 390 3333 or log on to www.nakheel.com

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About Nakheel (www.nakheel.com):
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.

Master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba Community. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people.  Nakheel has nearly 21,000 residential units under construction or in the pipeline.

Nakheel's current and future retail project portfolio covers more than 15 million square feet of leasable space.  Retail destination developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Nakheel Mall, The Pointe, The Golden Mile, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. Nakheel also has several neighbourhood community centres in operation or under development.  Our growing hospitality project portfolio comprises 10 hotels at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall and Dragon City.

Website: www.nakheel.com

About St. Regis Hotels & Resorts
Combining classic sophistication with a modern sensibility, St. Regis is committed to delivering exceptional experiences at 35 luxury hotels and resorts in the best addresses around the world. Since the opening of the first St. Regis hotel in New York City over a century ago by John Jacob Astor IV, the brand has remained committed to an uncompromising level of bespoke and anticipatory service for all of its guests, delivered flawlessly by signature St. Regis Butler Service. Starwood's ultra-luxury brand is set to expand its legacy to 50 hotels by 2020. For more information and new openings, visit stregis.com or follow Twitter, Instagram and Facebook

Media contacts:
Nakheel
Rebecca Rees
Tel: +9714 375 9702
Rebecca.Rees@nakheel.com

Starwood
Hotels & Resorts Middle East
Chandan Belani
Regional Director of Communications
Tel: +9714 307 9919
Chandan.Belani@starwoodhotels.com

© Press Release 2015