Depa wins $32m Versace hotel fit-out deal

Interior design company Depa Limited has announced it has won a AED129 million (US$32.7 million) contract to fit out hotel rooms and furnished apartments in the Palazzo Versace Hotel in Dubai.

The project is due for completion on April 30, 2010.

The luxury $395 million Palazzo Versace Resort, designed by one of the world's leading international design fashion houses, will be located in Culture Village, a AED50bn leisure and tourist project being developed by Dubai Properties on the edge of the Dubai Creek.

The hotel will span 37,224 square metres and will feature the world's first refrigerated beach so that guests can walk comfortably across the sand on hot days.

Depa's scope of work includes the complete fit-out works for 197 out of 213 hotel guest rooms and all of the 169 luxurious furnished apartments.

Depa was appointed by Emirates Sunland Group (ESG), a Dubai-based joint venture between Enshaa PJSC, a regional real estate developer and Australia-based property developer, Sunland Group Limited.

Mohannad Sweid, CEO, Depa Limited, said: "We are extremely proud to have been selected for this unique project. Our work on Burj Al-Arab, Emirates Palace, Atlantis the Palm and other iconic hotels has positioned us well to win this prestigious contract."

The Palazzo Versace Hotel in Dubai is the second of its kind in the world, the first one being Palazzo Versace Australia, which opened in the year 2000 in Queensland.

It is considered the most luxurious hotel in Australia and is a member of Leading Hotels of the World, a unique luxury hospitality organisation.