Fairmont Palm Jumeirah delayed
January 27th, 2010Arabianbusiness.com reports that the opening of the Fairmont Palm Jumeirah will be delayed until 2011 at the earliest due to funding problems.
Thomas Storey, President of Fairmont Hotels & Resorts, told the publication that the company’s partners, IFA Hotels & Resorts, were finding it difficult to raise finance in the current economic climate.
Tags: 5 Star Hotels, Fairmont Palm Hotel, IFA Hotels & Resorts, Palm Jumeirah
