Film company Paramount has revealed that it’s teaming up with Damac Properties to launch a hotel and serviced apartment project in downtown Dubai. The $1bn four-tower project, The Damac Towers by Paramount, will comprise a 540-room Paramount Hotel & Residences and greater than 1,400 units of Damac Maison – Paramount co-branded serviced hotel residences. The 250-metre high towers, that may be connected by a multi-level plaza, represent Paramount’s first venture into the hotel and real estate industry. Features will include themed F&B concepts, meeting facilities, a screening room, fitness centres, pools, kids club, retail, and merchandise all featuring the Paramount brand or select partner brands. One tower will comprise of the Paramount Hotel & Residences with the rest three towers, housing the Damac Maison – Paramount co-branded serviced hotel residences....
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