DIFC Courts rules with Viceroy in re­sort dis­pute

Business Traveller (Middle East) - - Upfront -

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.

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