Jumeirah parks Venu brand, suspends planned hotels in Dubai | arabianbusiness.com

Jumeirah Group, the hotel-management company that operates Dubai’s sail-shaped Burj Al Arab, said Monday it has shelved plans to launch a new hotel brand. The state-backed company plans to have 60 properties signed or under management by close of 2012, but will not be pressing ahead with its Venu line of hotels, executive chairman Gerald Lawless said.