QE2 to be transformed into luxury hotel

June 18th, 2007

State-owned investment company Istithmar has purchased the QE2 ocean liner from Cunard for $100 million. The famous ship, launched by the Queen in 1967, will be transformed into a floating luxury hotel and museum, and anchored at the Palm Jumeirah from 2009. An extensive refurbishment programme will aim to recreate the ship’s original interior.