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HomeNewsAccor adds QE2 to its portfolio in Dubai

Accor adds QE2 to its portfolio in Dubai

Taking over operations from May 2022, the ship will undergo further upgrades and renovations prior to joining the MGallery Hotel Collection.

After sitting for almost ten years in Dubai, going nowhere, QE2 opened as a floating hotel in April 2018 under PCFC Hotels, owned by the Dubai government and part of Dubai’s Ports, Customs and Free Zone Corporation (PCFC). 

Accor, is collaborating with PCFC Investments LLC (PCFCI) 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.

‘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.

Queen Elizabeth

‘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,’

Situated in Dubai’s Port Rashid, the QE2’s location is in close proximity to Sheikh Zayed Road, providing easy connection to the city’s attractions.

MGallery expansion

‘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.

Once the renovation is completed, the new MGallery Queen Elizabeth 2 will feature 447 hotel rooms, nine food & beverage outlets, ten meeting rooms, 5,620sq mtr area for outdoor events, six retail outlets, a swimming pool and a gym.