London, Jan 27 (IANS) After designing clothes, pop star-turned-fashion designer Victoria Beckham may soon design a hotel as she has been reportedly offered $40 million to do so.

Contactmusic.com reports that the former Spice Girls singer was personally approached by a higher authority to lend her talents to the project when Victoria, 35, and her 34-year-old husband David holidayed in the Gulf last summer.

The hotel will be located on a fashion-themed island called Isla Moda off the Dubai coast, which is part of The World development - a man-made archipelago of 300 islands created in the shape of a map of the landmasses of the Earth.

'Even in these credit-crunched times, the fee offered to Victoria was astronomical. She was absolutely stunned,' said a source.

Victoria has not yet decided whether to sign up, but if she accepts the offer she will work with Karl Lagerfeld on the creation for Dubai, which is part of the United Arab Emirates.

Monday night a spokeswoman for Victoria said: 'Victoria is always keen to look at ways of growing her business, but for now her focus is New York fashion week next month.'