Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced it has signed an agreement with Mr. Rashid Al Abbar to open a 192-room Aloft on Dubai’s iconic man-made island – Palm Jumeirah. Scheduled to open in 2017, Aloft Dubai, The Palm will be the brand’s first resort in the Middle East, complete with beach access, when it opens its doors as the first mid-market hotel brand on the island. [Full Article]
