Four years ago, the luxury liner Queen Elizabeth 2 was sold to financial interests in Dubai who planned on converting her to a luxury hotel. Unfortunately, the arrival of the ship coincided with a credit crunch and near financial melt-down in the emirate. Last July, a more modest hotel conversion plan in a less fashionable section of Dubai was announced for the QE2, after the luxury hotel plan fell through. Then, just before Christmas, it was reported that the ship had been sold for scrap to Chinese interests for £20 million. Not long afterwards, ambitious, though rather vague, plans were announced to convert the ship to a luxury hotel and move her back to the Thames.
And now it has been announced that an agreement has been signed with Oceanic Group Pte Ltd., a cruise company with offices in Singapore, Hong Kong and Shanghai, to convert the ship into a five-star hotel. Other terms of the deal, including where the converted ship/hotel will be operated, have not been disclosed. From the Oceanic Group website: