Alpha Dhabi, an investment holding company in the Middle East and North Africa (MENA) region, has completed a strategic transaction with NCTH.
This move consolidates three of Alpha Dhabi's hotel businesses within the NCTH portfolio.
Last May, Alpha Dhabi acquired a 36.4% shareholding in NCTH.
NCTH has acquired 100% stakes in ADH Hospitality, Murban (BVI) Holding and Hill View Resorts – Seychelles.
The latest deal, pending regulatory approvals, strengthens NCTH and Alpha Dabi’s positions as value-driven companies within the luxury hospitality sector via a strong United Arab Emirates (UAE) market presence and extending into the ultra-luxury sector globally.
Alpha Dhabi CEO Holding Hamad Al Ameri said: “Our growing portfolio of luxury hotels in the UAE, Maldives and Seychelles reflects the energy and vibrancy of these world-leading tourist destinations.
“By uniting our hotel brands under the NCTH umbrella, we have substantial direct and indirect investment both here in the UAE and internationally that will serve as an engine of growth and diversification within our existing investment portfolio.”
This transaction adds properties such as St Regis Saadiyat and Al Wathba Luxury Collection in Abu Dhabi to NCTH’s expanding portfolio of hotel assets.
It also incorporates Cheval Blanc in the Maldives and the upcoming Cheval Blanc Seychelles into NCTH's portfolio.
These properties join other hotels under NCTH's portfolio, bringing the total managed and owned hotels to eight with nearly 1,500 keys.
NCTH CEO Hany Farag said: “The hospitality, lifestyle and tourism sectors show no signs of slowing, offering long-term growth potential for hoteliers. There is also strong demand for luxury brands across the region in exciting markets at highly sought-after locations.
“Through this acquisition, we are able to capture these opportunities by consolidating much-loved brands and by adding further depth, diversification and sophistication to our portfolio. As always, we seek to enrich guests with memorable experiences, as well as elevate the local communities at the world-leading destinations where we operate.”
NCTH’s current portfolio of hotels across the capital includes InterContinental Abu Dhabi, Danat Al Ain Resort, Dhafra Beach Hotel and more.
