The Millennium and Copthorne Middle East has won a contract to manage new property that is being developed with an estimated cost of more than Dh1 billion on the capital's prime Qasr Al Amwaj location near Emirates Palace hotel.
The hotel company, which operates 120 hotels in 19 countries, has signed a contract with Emirates and Morocco Trading and General Investment (Emroc) for the management of its twin-tower Bas Al Qasr Hotel.
"The new hotel overlooking the sea on the Corniche and Emirates Palace will be completed in 2010. It is being developed with a cost of more than Dh1bn. We are at the designing stage currently and the work will begin on the project once a consortium for the construction is awarded the contract," said Ahmed Mohammed Al Romaithi.
The contract with Emroc brings the number of the Millennium hotels in Abu Dhabi to six and 21 in the Middle East.
The planned property will have two 37-storey towers – one featuring the main hotel with 408 rooms, the other 226 units of furnished and serviced apartments.
The other features of the hotel include a four-level car parking facility, a variety of restaurants, meetings and banquet halls, recreation facilities and retail outlets.
"It will be a world-class five-star luxury hotel in Abu Dhabi. It is difficult to give you the exact cost of the project, but I would say the estimate will cross Dh1billion. This estimate does not involve the cost of the land," Al Romaithi told Emirates Business.