-By Stacy Straczynski

Forget “Bend it like Beckham.” “Design it like Victoria” could be the new catch phrase, at least for the hotel industry. Rumor has it that earlier this week Victoria Beckham, former Spice Girl turned fashion diva and recent guest judge on American Idol, was offered a whopping £25 million (over $40.5 million) by Dubai ruler Sheik Mohammad Bin Rashid Al Maktoum to design a new luxury hotel.

The property, according to London’s The Daily Mirror, is located off the Dubai coast on a man-made island called Isla Moda. The upcoming fashion-themed 250-room resort, designed in cooperation with Karl Lagerfeld, aims to set Dubai as one of the world's top fashion destinations by having a variety of famous fashion designers work with developers to create exclusive boutiques and themes.

While Dubai’s media office announced yesterday (Jan. 27) that the reports were false and that “the vice president did not send any e-mail, invitation of financial offer to Beckham, and this information is baseless,” a spokeswoman for Beckham earlier this week did not confirm or deny the rumors, mentioning that "Victoria is always keen to look at ways of growing her business but for now her focus is New York fashion week next month..."

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