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UAE-based conglomerate Alpha Dhabi Holding has transferred three of its hotel businesses to Abu Dhabi’s National Corporation for Tourism and Hotels.
NCTH acquired 100 per cent stakes in ADH Hospitality, Murban Holding and Hill View Resorts – Seychelles.
The transaction, which is subject to regulatory approvals, adds St Regis Saadiyat, Al Wathba Luxury Collection, both luxury resorts in Abu Dhabi as well as the ultra-luxury Cheval Blanc in the Maldives NCTH’s growing portfolio of hotel assets. It also includes the soon-to-open Cheval Blanc Seychelles.
“Our growing portfolio of luxury hotels in the UAE, Maldives, and Seychelles reflects the energy and vibrancy of these world-leading tourist destinations,” said Hamad Al Ameri, CEO of Alpha Dhabi Holding.
“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…