emirates7 - Alpha Dhabi Holding has acquired a controlling 73.73% stake in the National Corporation for Tourism and Hotels (NCTH) through a strategic transaction. This was achieved by transferring assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares.
The deal strengthens both NCTH’s market position and Alpha Dhabi Holding’s investment in luxury hospitality, both domestically and internationally. As part of the transaction, four prominent hotel properties have been transferred, including two renowned luxury hotels in Abu Dhabi—The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa—along with the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently launched Cheval Blanc Seychelles.
By consolidating its hospitality assets under NCTH, including ADHH, Murban (BVI) Holding Inc., and Hill View Resorts, Alpha Dhabi Holding has reinforced its strategy of growth and diversification in the high-end tourism sector.
This move expands NCTH’s portfolio to eight hotels, adding nearly 1,500 keys and significantly enhancing its hospitality offerings.
Eng. Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, emphasized the strategic importance of the transaction, stating, “This acquisition highlights Alpha Dhabi Holding’s dedication to investing in high-growth sectors such as luxury tourism. Our strengthened presence in the UAE and expanding footprint in the global ultra-luxury market align perfectly with our long-term vision for sustainable and impactful growth.”
The newly acquired hotels join NCTH’s existing properties, which include InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. Additionally, NCTH provides complementary services in catering, retail, and transportation.
Hany Farag, CEO of NCTH, described the transaction as a transformative step for the company, stating, “Integrating these prestigious assets into our portfolio marks a new era for NCTH, positioning us as a leader in international luxury hospitality. We are excited to offer exceptional experiences to our guests while contributing to the growth of the UAE’s flourishing tourism sector.”
The deal strengthens both NCTH’s market position and Alpha Dhabi Holding’s investment in luxury hospitality, both domestically and internationally. As part of the transaction, four prominent hotel properties have been transferred, including two renowned luxury hotels in Abu Dhabi—The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa—along with the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently launched Cheval Blanc Seychelles.
By consolidating its hospitality assets under NCTH, including ADHH, Murban (BVI) Holding Inc., and Hill View Resorts, Alpha Dhabi Holding has reinforced its strategy of growth and diversification in the high-end tourism sector.
This move expands NCTH’s portfolio to eight hotels, adding nearly 1,500 keys and significantly enhancing its hospitality offerings.
Eng. Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, emphasized the strategic importance of the transaction, stating, “This acquisition highlights Alpha Dhabi Holding’s dedication to investing in high-growth sectors such as luxury tourism. Our strengthened presence in the UAE and expanding footprint in the global ultra-luxury market align perfectly with our long-term vision for sustainable and impactful growth.”
The newly acquired hotels join NCTH’s existing properties, which include InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. Additionally, NCTH provides complementary services in catering, retail, and transportation.
Hany Farag, CEO of NCTH, described the transaction as a transformative step for the company, stating, “Integrating these prestigious assets into our portfolio marks a new era for NCTH, positioning us as a leader in international luxury hospitality. We are excited to offer exceptional experiences to our guests while contributing to the growth of the UAE’s flourishing tourism sector.”