Dubai Holding to replace Caesars Palace with Banyan Tree on Bluewaters

Staff Report

Dubai, UAE

Accor Group’s brands, Ennismore and Banyan Tree Group, leading hospitality companies, have signed a deal with Dubai Holding, a diversified global investment company with an extensive portfolio of Dh130 billion worth of assets, to launch Banyan Tree Dubai on Bluewaters in November 2023. The resort will replace the existing Caesars Palace Dubai and after renovations will feature 179 rooms, including 30 suites and a four-bedroom villa with its own private entrance, pool, and beach. It will also include 96 private residences comprising one-, two-, three- and four-bedroom units with a dedicated lobby, outdoor swimming pool and access to the hotel’s facilities.

Sébastien Bazin, Chairman & Chief Executive Officer Accor, signed the agreement with Amit Kaushal, Group Chief Executive Officer of Dubai Holding on 13th September 2023.

The resort’s Banyan Tree Spa is designed to promote wellness and rejuvenation. Its services include relaxation area, gym, indoor and outdoor yoga spaces, dedicated F&B space, private mini rainforests, hydrotherapy pools and treatment rooms. As part of a long-term strategic partnership agreement between Accor and Banyan Tree Group signed in 2016, Banyan Tree Dubai will be co-operated by Banyan Tree Group and Ennismore, including the management of its five restaurants and bars.

Sébastien Bazin, Chairman & Chief Executive Officer Accor, said: “We are thrilled to be at the beginning of a promising development partnership between Accor and Dubai Holding, and the announcement of the opening of a stunning Banyan Tree Dubai on Bluewaters is the first of many projects involving our brands in the pipeline to further develop and grow our presence in Dubai and globally.”

Ennismore represents over 140 operational hotels, 160 in the pipeline and more than 300 restaurants and bars. In 2023, the company is set to open nearly 20 hotels and 20 residences across the globe. It continues to expand across the Middle East, adding to its existing 28 properties in operation, with a pipeline of 38 properties to be launched across various brands, including 25hours, SLS, Mondrian and Rixos.

Amit Kaushal, Group Chief Executive Officer, Dubai Holding, said: “Bluewaters has always been a destination for major projects that redefine luxury and cement Dubai as a global beacon of the tourism industry. Our collaboration with market leaders like Accor, Ennismore and Banyan Tree Group marks an important milestone in our ongoing journey of elevating the rich hospitality landscape in Dubai.”

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