World's tallest hotel to open in Dubai in Q4.    The two twin buildings on the site will be 1,164 feet tall, the highest dedicated hotel building in the world and just 85 feet shorter than the Empire State building in New York City. The cost for the property was announced as about $218 million in 2005, but that cost has reportedly increased to $490,000,000. One 807-room tower will open in the fourth quarter, and the other will open in mid-2013.

World's tallest hotel to open in Dubai in Q4. The two twin buildings on the site will be 1,164 feet tall, the highest dedicated hotel building in the world and just 85 feet shorter than the Empire State building in New York City. The cost for the property was announced as about $218 million in 2005, but that cost has reportedly increased to $490,000,000. One 807-room tower will open in the fourth quarter, and the other will open in mid-2013.

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