Monday, July 11, 2005

Armani Hotels & Resorts by Emaar

JUNE 13, 2005 -- Giorgio Armani S.p.A., Milan, Italy and EMAAR Hotels & Resorts LLC, Dubai, United Arab Emirates, has announced the execution of the formal contractual agreement between the companies for the development of "Armani Hotels and Resorts." The announcement follows the signing of a letter of intent in 2004. Armani is awarding a long term license to EMAAR for the operation of a collection of luxury hotels and resorts. EMAAR will be fully responsible for real estate, construction, management and operations while Armani will oversee all aspects of content, design and style. "This continues our ongoing strategy of building the Armani universe into a comprehensive lifestyle brand," said chairman Giorgio Armani in a statement. EMAAR will invest more than $1 billion in the project, and at least seven luxury hotels and three vacation resorts are projected to open within the next 10 years. The first hotel, which will be the world's tallest residential and commercial building upon completion, is expected to open in Dubai in 2008.

[Source ddi magazine]


At 3:50 AM, Anonymous Anonymous said...

its gonna be in burj dubai sems cool....but also jdeed versace will do their hotel here as well!



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