Dubai’s Address Downtown hotel, which was damaged in a fire on New Year’s Eve, will not reopen this year, an executive at the hospitality group of operator Emaar Properties said on Monday.
There had been no negative impact on Emaar’s balance sheet from the hotel’s temporary closure, Chris Newman, Emaar Hospitality Group director of operations, told reporters.
Fire engulfed the 63-storey hotel and residential tower on New Year’s Eve.
Currently, Emaar Hospitality Group operates four hotels and two serviced residences in Dubai under The Address Hotels + Resorts, a premium luxury hotel and residences brand, and two hotels under Vida Hotels and Resorts, an upscale boutique lifestyle hotel and residences brand.
Together, they offer 1,060 hotel rooms and 891 serviced residences. Emaar also manages the Nuran Marina Serviced Residences at Dubai Marina – the first of the serviced residences under the Nuran brand with 90 furnished residences which are fully serviced.