Alpha Dhabi Holding (Alpha Dhabi), one of the fastest-growing investment holding companies in the MENA region, and National Corporation for Tourism and Hotels (NCTH), the owner and manager of some of Abu Dhabi’s best-known hotels, have completed a strategic transaction which unites three of Alpha Dhabi’s hotel businesses within the NCTH portfolio, a report said.
Alpha Dhabi has a 36.4% shareholding in NCTH, which has acquired 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc, and Hill View Resorts – Seychelles, Emirates News Agency, WAM, said.
Under the transaction, which is subject to regulatory approvals, NCTH (and Alpha Dhabi) have bolstered their position as value creating businesses within the luxury segment of the hospitality sector through a strong presence in the UAE market as well as a growing footprint into the ultra-luxury segment internationally.
The transaction adds St Regis Saadiyat, Al Wathba Luxury Collection, both luxury resorts in Abu…