In a significant move bolstering its presence in the luxury hospitality sector, Alpha Dhabi Holding PJSC has completed a strategic transaction with the National Corporation for Tourism and Hotels (NCTH). This transaction involves the integration of three key hotel businesses from Alpha Dhabi into the NCTH portfolio, marking a significant expansion in their combined hotel assets.
Alpha Dhabi Holding PJSC and the National Corporation for Tourism and Hotels (NCTH) have finalized a strategic transaction aimed at enhancing their foothold in the luxury hospitality segment. This move underscores their commitment to capitalizing on the growing demand for premium tourism experiences in the UAE and beyond.
Details of the Transaction: Under the terms of the transaction, NCTH has acquired 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles, previously owned by Alpha Dhabi. This strategic integration aligns with both companies’ vision to consolidate their positions as leading players in the luxury hospitality market.
Expansion of Portfolio: The acquisition brings prestigious properties under the NCTH portfolio, including renowned resorts such as the St Regis Saadiyat and Al Wathba Luxury Collection in Abu Dhabi, along with the esteemed Cheval Blanc resorts in the Maldives and the upcoming Cheval Blanc Seychelles. These additions further enhance NCTH’s portfolio, which now comprises eight managed and owned hotels, boasting nearly 1,500 keys in total.
Strategic Significance: Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, highlighted the strategic importance of consolidating hotel brands under the NCTH umbrella. He emphasized the expanded investment opportunities and the potential for growth and diversification within the luxury hospitality sector, both locally and internationally.
Vision for Growth: Hany Farag, CEO of National Corporation for Tourism & Hotels, reiterated the long-term growth potential of the hospitality, lifestyle, and tourism sectors. He emphasized the strategic alignment of capturing opportunities in luxury tourism and enhancing the portfolio’s depth and sophistication. Farag underscored their commitment to delivering exceptional guest experiences while contributing to the development of local communities in premium destinations.
Previous Investments: This strategic transaction follows Alpha Dhabi’s acquisition of a 36.4% shareholding in the National Corporation for Tourism and Hotels in May 2023. The continued partnership between Alpha Dhabi and NCTH reflects their shared vision to capitalize on the evolving hospitality landscape and meet the demands of discerning travelers.
Conclusion: As the hospitality industry continues to evolve, Alpha Dhabi Holding and the National Corporation for Tourism and Hotels are well-positioned to leverage their combined strengths. Through strategic acquisitions and investments, they aim to elevate the standard of luxury hospitality in the region and beyond, catering to the evolving needs of travelers seeking premium experiences.
