Sarah Garden03 Jul 2017 AT 09:26 AM

Viceroy claim they are being denied access to Palm Jumeirah hotel

Latest in legal standoff between FIVE Holdings and Viceroy
Sarah Garden03 Jul 2017 AT 09:26 AM
Viceroy, FIVE Holdings, Staycations, News, Palm Jumeirah
© wwwvromerocom
Viceroy, FIVE Holdings, Staycations, News, Palm Jumeirah
© Lester Ali Photography
Viceroy, FIVE Holdings, Staycations, News, Palm Jumeirah
© mailduncanchardcom
Viceroy, FIVE Holdings, Staycations, News, Palm Jumeirah

Viceroy Hotels and Resorts issued a press release last night claiming that they are being “denied access to the Viceroy Palm Jumeirah hotel” despite the fact that the “DIFC Courts injunction remains in place.”

This comes after a statement on the same day by Kabir Mulchandani, chairman and CEO of FIVE Holdings Limited, who said that proceedings with the property’s former owner [Viceroy] “have been suspended by force of law.” The statement explained that FIVE Holdings would remain in control of the Palm Jumeirah property.

In response to this, Viceroy claim that the injunction issued by DIFC Courts on June 22 remains in place.

Bill Walshe, chief executive officer of Viceroy Hotel Group, commented: “We maintain our position that Viceroy has always been, and remains, the legal manager of the Viceroy Palm Jumeirah Dubai. We are deeply disappointed that the owner of the hotel refuses to recognise this, despite the orders of the DIFC Courts, which were issued on 22 June and remain in place.

“Such actions threaten the entire business community in Dubai.  Not only are FIVE and its affiliates creating confusion amongst colleagues, guests, residents and investors, they are also defying the authority of the DIFC Courts.

“Viceroy also deeply regrets the inconvenience and confusion FIVE’s actions have caused, and continue to cause, our loyal colleagues, hotel guests, purchasers of real estate units in the project, local business partners in Dubai and travel industry partners globally. 

“We call on FIVE and its affiliates to act in the best interest of all of the hotel’s stakeholders and to allow Viceroy immediate access to the hotel property in order to resume its role as the rightful manager of the Viceroy Palm Jumeirah Dubai.”

Here’s a recap…

Monday, June 19 – FIVE Holdings announced that they had taken control of Viceroy Palm Jumeirah.

Thursday, June 22 – Viceroy announced that DIFC Courts granted an injunction to reinstate Viceroy as the operator of the hotel.

Sunday, July 2 – FIVE Holdings issued a statement to say that they will remain in control of the Palm Jumeirah property. The statement said that proceedings with the property’s former owner “have been suspended by force of law.”

Sunday, July 2 – That evening, Viceroy issued a statement to say that the court injunction still stands and they are being denied access to the property. 

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