- Transaction adds luxury resorts in Abu Dhabi, the Maldives, and the Seychelles to NCTH portfolio, strengthening both NCTH’s position (and Alpha Dhabi’s investment in the UAE and international luxury hotels and hospitality markets).
Abu Dhabi, UAE: Alpha Dhabi Holding PJSC (“Alpha Dhabi” or “the Group”), 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 3 of Alpha Dhabi’s hotel businesses within the NCTH portfolio.
Alpha Dhabi has a 36.4% shareholding in National Corporation for Tourism & Hotels (NCTH), who have acquired 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles.
Under the transaction, which is subject to regulatory approvals, NCTH (and Alpha Dhabi) have bolstered their position as value creating businesses within the…