Alpha Dhabi Holding announced acquisition of 73.73% of National Corporation for Tourism and Hotels (NCTH) through an asset-swap transaction involving businesses including Alpha Dhabi Hospitality and Murban Energy in exchange for NCTH shares.
The deal supports domestic and international luxury hospitality expansion, adding four upscale hotels including The St. Regis Saadiyat Island Resort and Cheval Blanc Randheli in the Maldives, according to the Emirates News Agency.
Consolidating hotel interests through the transfer of Alpha Dhabi Hospitality, Murban BVI Holding and Hill View Resorts reinforces growth and diversification.
The transferred assets will expand NCTH’s portfolio to eight hotel properties with approximately 1,500 rooms.
Alpha Dhabi Chief Executive Officer and Managing Director Hamad Al-Ameri said the deal creates value in high-potential sectors such as luxury tourism, builds on a strong UAE presence and expands global hospitality exposure in line with sustainable long-term growth.
The additions join NCTH properties including InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort and Dhafra Beach Hotel. NCTH also provides catering, retail and transport services.
NCTH Chief Executive Officer Hani Farag said the assets mark a new chapter and strengthen its global luxury hospitality position through an internationally competitive portfolio.
Source: Emirates News Agency.
