Emaar Properties has sold its Address Sky View hotel in Downtown Dubai to Evergreen Hospitality for $204m. The developer will continue to manage the property and also said it has retained ownership of the sky bridge restaurant in the tower.Source: https://meconstructionnews.com/45514/emaar-announces-sale-of-address-sky-view-property-for-204mnThe property comprises 169-hotel rooms and 551 apartments, as well as MICE facilities and F&B outlets. It opened for business in January 2020. In a statement to the Dubai Financial Market on January 6, the developer said the deal is “in line with the company’s asset-light strategy for hospitality assets”. Emaar said the deal was executed on December 31, 2020 and is expected to close on January 15 this year.