Dubai-based Jumeirah Group has signed a management agreement with property developer Meeras Holding for its first new lifestyle hotel brand, Venu, in Dubai. Jumeirah will operate the 300-room Venu Bluewaters Island Hotel together with adjoining serviced residences, which will be operated under the Venu Living brand.
The Venu properties are expected to open in 2017. Bluewaters Island is a mixed-use development that will be located off the coast of Dubai.
Venu Bluewaters Island Hotel have a wide wide range of restaurants, a spa and conference and meeting facilities. Venu is an exciting innovation for the Jumeirah Group.
Speaking at the signing of the management agreement, Jumeirah Group President and CEO Gerald Lawless said: "Meraas Holding is a respected developer with a bold vision and we are proud to bring our unique hotel experience to Bluewaters Island. Our partnership is strengthened by the synergies between the Jumeirah Group and Meraas, not least for exceptional quality and innovation, and we look forward to working together. Opening our first lifestyle Venu hotel is a significant milestone for the Jumeirah Group and an exciting achievement towards our goals for expansion."
Cherif Hosny, chief hospitality officer, Meraas Holding, said: "Jumeirah Group has successfully evolved from a home-grown brand into a global and reputed industry player. Bluewaters Island is a unique proposition that will enrich Dubai’s tourism offering. Our partnership with the Jumeirah Group to operate Venu hotel within the island is in line with our objective to grow our portfolio in the hospitality sector to cater to the 20 million projected tourists that Dubai is set to attract by 2020."
The new management agreement bring the total number of properties in Jumeirah Group’s future hotel pipeline to 26, in addition to the 22 already in operation in Europe, the Middle East and Asia.