Dubai’s Bulgari Resort Hotel Opens in December

Dubai’s Bulgari Resort Hotel Opens in December

Dubai’s Bulgari Resort Hotel Opens in December

$MAR

The Bulgari Resort is located on an exclusive Seahorse-shaped island off of Jumeirah Road

Dubai’s new Bulgari Resort, claimed to be the emirate’s most expensive hotel, will officially open to the public on 7 December, as part of a wider project under development by holding company Meraas.

The hotel is the 5th under the luxury Italian brand’s name following its Bejing opening in September and others in Milan, Bali and London in Y’s 2004, 2006 and 2012 respectively.

It features 101 hotel rooms and suites and 20 hotel villas with luxury Italian furniture and views of the Dubai skyline or Arabian Gulf from an exclusive Seahorse-shaped island location off of Jumeirah Road,

Marriott International (NYSE:MAR) is managing the property, it announced the hotel would have its soft opening in October.

The villas come in 5 categories ranging from 1 to 3 bedrooms and vary from 175sqm to 540sqm in size. All come with a personal butler service, private pool and gazebo, while the largest Bulgari Villas includes a large living area, sunken bath tub, private garden and larger outdoor pool.

Other features of the resort include a 1,700sqm spa with eight treatment rooms and a 25m indoor pool, a fitness centre and a private beach with villas cabanas, a children’s pool and outdoor pool.

Among the food and beverage offerings are Il Ristorante, which offers concepts from Italian Michelin star chef Niko Romito.

Il Bar offers an indoor oval bar area and an outdoor terrace and lobby lounge Il Café offers Italian-themed teas.

A beach restaurant will also offer international food and drinks.

Bulgari’s executive vice president Silvio Ursini said earlier this year there would also be an exclusive sushi restaurant and 6 independent restaurants located around the resort’s marina promenade.

“You can count on the fact that they [the hotel room rates] will be by far the highest in the market,” he said.

The resort also features the world’s 1st Bulgari Marina and Yacht Club with a 50-boat harbour and amenities including an Italian fish restaurant, members lounge, outdoor pool and bar and children’s club.

For corporate and other events there is a 360sqm ballroom located in the yacht club and ‘secret’ lemon garden La Limonaia at the main resort.

Guests and visitors will also be able to purchase luxury chocolate at a BVLGARI Il Cioccolato boutique and perfume at a Le Gemme perfume outlet.

Residences surrounding the resort will include 165 serviced apartments ranging from 1 to 3 bedrooms, 8ht 4-bedroom penthouses and 15 three-to-6-bedroom mansions. In May it was reported one of the penthouses sold for a then record $16.3-M

Meraas is separately selling 50 mansion plots on the island.

Bulgari will open its 6th branded hotel in Shanghai next year and its 7th in Moscow in Y 2020.

Symbol Last Trade Date Change Open High Low Volume
NYSE:MAR 120.11 10 November 2017 1.30 119.04 120.87 118.01 3,377,000
HeffX-LTN Analysis for MAR: Overall Short Intermediate Long
Neutral (0.21) Neutral (0.19) Neutral (0.23) Neutral (0.22)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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