World Famous QE2 to Opening as a Dubai Hotel

World Famous QE2 to Opening as a Dubai Hotel

World Famous QE2 to Opening as a Dubai Hotel

The legendary luxury ocean liner has had a complicated history since being acquired by Dubai World unit Istithmar for $100-M in Y 2007

The world famous Queen Elizabeth II (QE2) liner is just months away from opening as a hotel in Dubai more than 10 years after its acquisition by a local investment firm.

Dubai World unit Istithmar acquired the ship for $100-M in Y 2007 but the vessel has largely been left unused since then after plans to convert it into a luxury hotel with up to 1,000 rooms were put on hold during the Y’s 2008-2009 financial crisis.

Reports in Y’s 2012 and 2013 suggested plans for the hotel were revived after suggestions the vessel, which was operated for nearly 30 years by Cunard, could be scrapped.

However, the FT said in September 2016 that the ship  was still on Istithmar’s books despite indications 3 years earlier that it was going to be bought and refurbished as a luxury hotel by a Dubai-based entity called QE2 Shipping and moored in Asia.

Ownership has since fallen under Dubai government entity Ports, Customs and Free Zone Corporation.

What’s On Dubai reported last Sunday that the ship will reopen soon as both a museum and a hotel at its home since November 2008, Port Rashid.

Signs outside the ship advertise a main entrance and visitor parking, according to the publication, amid a secretive makeover that was detailed by The National in September.

Sources told What’s On the 293m ship is set to open as a 300-Key property with a museum component as early as 30 March of this year.

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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