UAE – Alpha Dhabi Holding PJSC, one of MENA’s fastest-growing investment firms, has acquired a 73.73% controlling stake in the National Corporation for Tourism and Hotels (NCTH) by transferring assets from Alpha Dhabi Hospitality Holding LLC and Murban Energy Limited in exchange for shares.
The transaction enhances NCTH’s position and strengthens Alpha Dhabi Holding’s presence in both the domestic and international luxury hospitality markets.
It involves the transfer of four prominent hotel assets, including two luxury properties in Abu Dhabi, The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa, alongside the ultra-luxury Cheval Blanc Randheli in the Maldives and the newly opened Cheval Blanc Seychelles.
By consolidating its hotel operations under NCTH through the transfer of ADHH, Murban (BVI) Holding Inc., and Hill View Resorts, Alpha Dhabi Holding demonstrates its commitment to growth and diversification.
This property transfer expands NCTH’s portfolio to eight hotels with nearly 1,500 keys, significantly strengthening its hospitality offerings.
Eng. Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, stated that the transaction highlights the company’s focus on creating value in high-potential sectors such as luxury tourism.
He noted that the deal bolsters their presence in the UAE market and expands their footprint in the international ultra-luxury segment, aligning with the long-term strategy for sustainable growth.
Through this strategic partnership, Alpha Dhabi Holding and NCTH aim to meet the increasing demand for luxury tourism experiences both within the UAE and internationally while contributing to the diversification of the national economy.
The hospitality sector remains a key driver of economic development, supported by the country’s forward-looking vision and tourism initiatives.
These newly acquired properties join NCTH’s existing portfolio, which includes the InterContinental Abu Dhabi and InterContinental Residences Abu Dhabi, as well as the Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel.
NCTH also offers services in catering, retail, and transportation.
Hany Farag, CEO of NCTH, commented that integrating these prestigious assets into NCTH’s portfolio signifies a new chapter for the company, enhancing its position as a leader in the international luxury hospitality segment.
He expressed excitement about offering guests exceptional experiences while contributing to the growth of the UAE’s tourism sector.
With luxury offerings in high demand across the hospitality, lifestyle, and tourism sectors, this acquisition enables NCTH and Alpha Dhabi Holding to capitalize on opportunities in sought-after destinations, adding depth and sophistication to their portfolio.
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