Nakheel Hotels is formed
United Arab Emirates: Wednesday, December 12 - 2007 at 12:08
Nakheel Hotels is the new name for Istithmar Hotels after Dubai World consolidated its hotel business under one banner to create a fully integrated hotel investment company. The merger is part of an internal restructure within the Dubai World group whereby the real estate business of Istithmar is being joined with Nakheel. The merged entity will remain a wholly owned subsidiary of the Dubai World group.
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Jeff Florian, Senior ReporterWednesday, December 12 - 2007 at 12:08 UAE local time (GMT+4)
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