Dubai: Nakheel said on Thursday it has signed a management agreement with Accor for its 250-room hotel at Dragon Mart.

The hotel, one of nine planned by Nakheel over the next five years, will be managed by Accor under the ibis Styles brand, the Dubai developer stated, adding that construction is substantially complete. The hotel is part of Nakheel’s Dh1 billion, 177,000 square metre Dragon Mart expansion project, which also includes a second mall and a multi-storey car park. The extension is set to double the size of the existing Dragon Mart complex.