InterContinental Hotels Group's (IHG) first Indigo branded hotel is set to open its doors in 2018, sister publication Construction Week reported.
Hotelier Middle East had reported in 2015 that the operator had signed an agreement with Sunflower FZE - the owners and developers of the project.
Indigo Hotel Dubai Business Bay, is one of three Indigo-branded hotels currently under development in the GCC (two in Dubai and one in Riyadh).
The 280-key, four-star Hotel Indigo Dubai Business Bay will be located close to The Dubai Mall and Dubai Design District (d3) featuring contemporary Emirati elements fused into the design of the hotel.
The “lifestyle midmarket hotel”, as developer and owner, Jitendra Bhatia of Sunflower FZE calls it, will comprise 19 floors, three basement parking levels, and three all-day dining venues.
The hotel is being developed at an estimated total investment of $62.6m (AED230m), 55% of the project has been self-financed by the developers, and the remainder has been sourced from lenders.
The hotel’s ground-breaking ceremony took place on 28 October, 2015, but work didn’t commence until September this year.