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Sheffield Holdings, Hampshire Hotels ink management deal for Dhs1.5bn at Dubai Marina

Dubai-based developer Sheffield Holdings is set to sign an agreement with Hampshire Hotels Management to operate its hotel and serviced apartment building in Dubai Marina, The National has reported. The US-headquartered independent chain, which has hotels in the US, India and Thailand, will invest in and manage the Dream Dubai Marina under its luxury brand Dream Hotels. The total value of the project, including construction costs, is Dhs1.5bn. Once completed, the building would be among the world's 15 tallest towers.