TBM Staff - Mumbai
Alpha Dhabi Holding Public Joint Stock Company (PJSC) and the National Corporation for Tourism and Hotels (NCTH), renowned for managing some of Abu Dhabi’s premier hotels, have concluded a transaction merging three of Alpha Dhabi’s hotel businesses into the NCTH portfolio. With a 36.4% shareholding in the National Corporation for Tourism & Hotels (NCTH), Alpha Dhabi facilitated NCTH’s acquisition of 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles. Subject to regulatory approvals, this transaction fortifies NCTH and Alpha Dhabi’s foothold in the luxury segment of the hospitality industry, boasting a robust presence in the UAE market and expanding into the ultra-luxury segment globally.
This strategic move incorporates esteemed properties like St Regis Saadiyat and Al Wathba Luxury Collection, prestigious resorts in Abu Dhabi, alongside the ultra-luxurious Cheval Blanc in the Maldives and the soon-to-open Cheval Blanc Seychelles, into NCTH’s growing portfolio of hotel assets. These additions augment the total managed and owned hotels in the NCTH portfolio to 8 hotels, encompassing nearly 1,500 keys. Hamad Al Ameri, CEO of Alpha Dhabi Holding, emphasized the dynamism and allure of destinations like the UAE, Maldives, and Seychelles, reflected in their expanding luxury hotel portfolio. By consolidating their hotel brands under the NCTH umbrella, Alpha Dhabi anticipates substantial investment returns, serving as a catalyst for growth and diversification within their existing portfolio.
Hany Farag, CEO, National Corporation for Tourism & Hotels, highlighted the enduring growth potential in the hospitality, lifestyle, and tourism sectors, particularly in the luxury segment across the region’s sought-after locations. This acquisition enables NCTH to capitalise on these opportunities by integrating beloved brands and enriching their portfolio with depth, diversity, and sophistication, with a steadfast commitment to enhancing guest experiences and uplifting local communities. The strategic alignment between Alpha Dhabi and NCTH, driven by a shared vision to tap into the burgeoning demand for luxury tourism offerings, underscores their collective pursuit of excellence in the UAE and beyond.
