Paramount Pictures is partnering with developer Damac Properties to build a $1 billion hotel project in Dubai. The Damac Towers project is Paramount's first venture into the hotel and real estate industry and will include four 250-meter (820-foot) towers.
One of the four towers will feature a 540-room Paramount Hotel and Residence and the other three will include 1,400 serviced apartment units, World Architecture News reports.
The cluster of rippling towers will sit on a multi-level podium, where amenities including food and beverage vendors, meeting and event facilities, a wellness center, swimming pools and a retail precinct will be located, according to Architecture Source.
"The history, glamour and tradition of the movies indirectly transcend every element of the design and ethos of this aspirational project," Damac Properties Managing Director Ziad El Chaar said at the project's launch ceremony. "We will employ the same, tried and tested production process, pioneered by Paramount Pictures at the studio, to direct, design and detail a world-class experience."
Construction is already under way, according to the National.