Accor Adds Legendary Queen Elizabeth 2 To It’s Dubai Portfolio
Main Photo: The most famous ship on the water – The Queen Elizabeth 2 – QE2, iamgined after the refit
Date: May 2022
Name: Queen Elizabeth 2 to become branded under Accor’s MGallery Hotel Collection – MGallery Queen Elizabeth 2
Location: Port Rashid, Dubai, UAE
Number of Keys: 447
Owner: The Ports, Customs and Free Zone Corporation, one of the organisations of the Government of Dubai, who (under the banner of Istithmar) acquired the ocean liner for US$100m in 2007, from Cunard Line, a dvision of Carnival Corp
Manager: Accor, one of the Top Ten global hotel companies, with 5,300 properties and 10,000 food and beverage venues throughout 110 countries
Accor, with over 400 hotels across India, Middle East, Africa and Turkey is adding the world-renowned cruise ship, Queen Elizabeth 2 (QE2), into it’s portfolio. Taking over operations from May 2022, the cruise ship will undergo further upgrades and renovations prior to joining the MGallery Hotel Collection. Once fully rebranded, Queen Elizabeth 2 will undoubtedly become a landmark property for the MGallery brand and Dubai overall.
The group is collaborating with the Ports, Customs and Free Zone Corporation (PCFC) Investments LLC, one of the government organisations under the Dubai government officially established in 2001, and includes a number of entities and authorities operating under its umbrella.
PCFC Investments LLC (PCFCI) is a boutique private equity firm whose principal objective is investment in commercial enterprises and asset management. The company’s business model is focused on investing in, owning, developing and managing commercial real estate assets. PCFC Investments’ strategy is to acquire and expand the company’s commercial portfolio whilst aiming for continuous growth and improvement.
“We are very excited to partner with Accor on this project. We trust the group’s expertise will elevate the QE2 to a new era of operations” states Saeed Al-Bannai, CEO of PCFC investment. “The Queen Elizabeth as we know her, has made history and we are confident that Accor will keep her legacy alive while her strong heritage and notoriety will remain a destination in itself, where guests and visitors alike can enjoy a unique experience”. The liner was launched in 1967.
Situated in Dubai’s Port Rashid, the QE2’s location is in close proximity to Sheikh Zayed Road, providing easy connection to every main attraction the city has to offer. Dubai International Airport, Dubai Mall, Burj Khalifa and La Mer Beach are all located less than 20 minutes away, while the Palm Jumeirah and Mall of the Emirates are located 35 and 29 minutes, respectively.
“This is a great opportunity for Accor to expand its footprint in the UAE with the introduction of a unique project which brings diversity to the portfolio, while expanding the MGallery brand presence in the city” says Mark Willis, CEO of Accor India, Middle East, Africa & Turkey.” Not only are we in charge of the only floating hotel in Dubai, but we are also contributing the Dubai Urban Master plan 2049, with the aim to map out the path for a sustainable urban development while increasing the city attractiveness as a global destination”.
Once the renovation is completed, the new MGallery Queen Elizabeth 2 will feature 447 hotel rooms, nine food & beverage outlets, ten meeting rooms, 5,620 sqm area for outdoor events, six retail outlets, a swimming pool and a gym.
“We are confident that once finalised, the MGallery Queen Elizabeth 2 will become a true must-visit attraction, sharing her own stories with her guests while offering a truly unforgettable experience on-board”, added Mark Willis.
Accor currently operates 62 properties (18,562 keys) in the UAE with 20 (5,831keys) properties in the pipeline.
Price: Undisclosed
THPT Comment: We guess this will be one of Accor’s more unusual property on their books under the MGallery brand – and perhaps the most famous
First Seen: Accor press release
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