The Steering Legal has represented Dubai Developments, owner of the iconic Dubai hotels Al Murooj and Al Bustan, in the negotiation of the Hotel Management Agreements relating to the takeover by AccorHotels of the operation of the two hotels under Swissotel & Swissotel Living and Movenpick brands respectively.
Part of the multi-purpose luxury Al Murooj Complex, comprising residential towers of 400 luxury apartments & penthouses and a state-of-the-art leisure centre, the Swissotel & Swissotel Living Al Murooj is one of the Dubai’s finest City Lifestyle Resort set in the heart of Downtown Dubai, opposite Dubai Mall, DIFC and Burj Khalifa. The 5-star hotel features luxurious 251 guest-rooms and suites, 141 serviced apartments and 6 dining venues.
The Movenpick Grand Al Bustan is an upper-upscale hotel featuring 279 guest-rooms and suites, 7 restaurants and bars, one of the biggest convention centres in Dubai and is located just minutes away from the Dubai International Airport.
Dubai Developments is a major real estate property investment, development and management company, creating premium spaces in residential, commercial and hospitality sectors. It is reflected in a portfolio which includes more than 6,000 residential units and some of the iconic towers and hotels developments in the United Arab Emirates.
The Steering Legal team was led by partner Olivier Arwacher.