Leili Gerami, Queen Elizabeth 2 project director, walks down the stairs under a painting of Queen Elizabeth II, as Istithmar World, the Dubai state investment company that owns the ship, outlined plans Monday to turn the retired cruise liner into a 300-room hotel, ending years of speculation about its fate, in Port Rashid, Dubai, United Arab Emirates, Monday, July 2, 2012. Britain's Queen Elizabeth II launched the QE2 in 1967. (AP Photo/Kamran Jebreili)