DIFC Courts rules with Viceroy in resort dispute
A DRAMATIC PERIOD on Palm Jumeirah has seen Five Hotels & Resorts’ plans to rename Viceroy Palm Jumeirah ‘Five Palm Jumeirah Dubai’ overruled by the DIFC Courts.
A Viceroy Hotel Group statement reads that DIFC Courts “has issued a court order prohibiting the owner of the Viceroy Palm Jumeirah Dubai hotel from taking any further actions to prevent Viceroy Hotels and Resorts from exercising Viceroy’s exclusive authority to manage and operate the hotel”.
Viceroy Hotels and Resorts signed “a long term hotel management agreement” to operate the Palm Jumeirah hotel in 2013. The resort officially opened on March 31.
The situation arose after Five Holdings expressed its desire to bolster its hospitality profile through Five Hotels & Resorts, and Skai Holdings was rebranded Five Holdings. Kabir Mulchandani, Chairman and CEO, Five Holdings, said it plans to operate four hotels and residences in Dubai by 2020.