Alpha Dhabi Holding announced that it has acquired a 73.73% strategic controlling stake in the National Company for Tourism and Hotels (NCTH).
Publish dateThursday 30 January 2025 - 22:43
According to Amac News: The acquisition follows the sale of assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares in the company.
By consolidating its hotel business under the NCTH umbrella through the transfer of ADHH, Murban (BVI) Holding Inc. and Hill View Resorts, Alpha Dhabi Holding said it has strengthened its commitment to growth and diversification.
The property transfer will increase NCTH’s portfolio to eight hotels with nearly 1,500 keys and significantly enhance its hospitality offering.
Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, said the deal demonstrates Alpha Dhabi Holding’s commitment to creating value in high-potential sectors, such as luxury tourism.
The additional destinations join NCTH’s existing properties, which include InterContinental Abu Dhabi and InterContinental Residences Abu Dhabi, as well as Danat Al Ain Resort, Danat Jebel Dhanna Resort and Dhafra Beach Hotel. NCTH also offers related services in dining, retail and transportation.
By consolidating its hotel business under the NCTH umbrella through the transfer of ADHH, Murban (BVI) Holding Inc. and Hill View Resorts, Alpha Dhabi Holding said it has strengthened its commitment to growth and diversification.
The property transfer will increase NCTH’s portfolio to eight hotels with nearly 1,500 keys and significantly enhance its hospitality offering.
Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, said the deal demonstrates Alpha Dhabi Holding’s commitment to creating value in high-potential sectors, such as luxury tourism.
The additional destinations join NCTH’s existing properties, which include InterContinental Abu Dhabi and InterContinental Residences Abu Dhabi, as well as Danat Al Ain Resort, Danat Jebel Dhanna Resort and Dhafra Beach Hotel. NCTH also offers related services in dining, retail and transportation.
amacnews.com/vdcf.md0iw6dex7raw.html
Source : news agency wam
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