It might be fair to say that this year has not gone quite as planned for Anton Bawab and the rest of Viceroy Hotels and Resorts team. It was announced in mid-June that the company would no longer operate its Dubai property on Palm Jumeirah. The hotel was taken over by Five Holding's Kabir Mulchandani less than three months after opening in March, and Viceroy Hotels has been embroiled in a legal tussle since June.
A newcomer to the hospitality scene, Five Hospitality terminated its agreement with the Viceroy brand for its hotel projects in the UAE for unspecified reasons, though the company says that a formal brand launch is scheduled for October.
Five’s property in Jumeirah Village, also previously signed with Viceroy as an operator, is now listed on Five Global Holdings’ website as Five Jumeirah Village Dubai.
In June, it was reported that Abu Dhabi-based investment and development company, Mubadala, was hoping to finalise a deal to buy the remaining 50% of the Viceroy Hotel Group “within a matter a days”. It already owns a 50% stake in the hotel group.
The legal argument between Dubai-based Five Holdings and Viceroy Hotels and Resorts over the Palm Jumeirah property is still ongoing, with a number of statements from both sides having been released regarding which firm actually controls the hotel. Hopefully the situation will soon be resolved.