Production company Paramount and Dubai property developer Damac Properties are planning to open a second luxury hotel resort under their joint company Paramount Hotels and Resorts.

The companies announced two weeks ago that they had joint forces to form Paramount Hotels and Resorts and develop a US$1bn hotel and apartment complex in Dubai that will open in 2015.

Damac managing director Ziad El Chaar told Construction Week the developer was already negotiating to build a second such hotel in the Middle East.

While the exact location has not yet been decided, El Chaar said it would be in a market where Damac already existed, such as Abu Dhabi, Doha, Riyadh and Jeddah.

Paramount Hotels and Resorts also revealed it was looking to build similar hotels in Qatar and Doha, as well as in Brazil, the Caribbean and Indonesia.

The Dubai development, to be called Damac Towers by Paramount will consist of four 250m (820ft) towers featuring a 540-room luxury hotel and more than 1,400 units of serviced hotel residences. It will also offer wellness and fitness centres, a selection of themed food and beverage concepts, meeting and events facilities, a screening room, swimming pools and retail outlets.