National Corporation for Tourism & Hotels Broadens Its Accommodation Offerings with Strategic Purchases from Alpha Dhabi

Alpha Dhabi Holding PJSC, a rapidly expanding investment holding company in the MENA region, and the National Corporation for Tourism and Hotels (NCTH), renowned for owning and managing premier hotels in Abu Dhabi, have successfully finalised a strategic deal.

London, England, United Kingdom – March 16, 2024 —

Abu Dhabi, UAE – Alpha Dhabi Holding PJSC (Alpha Dhabi), a leading investment holding company in the MENA region, together with the National Corporation for Tourism and Hotels (NCTH), renowned for managing some of Abu Dhabi’s most prestigious hotels, have announced the successful completion of a strategic transaction. This pivotal move integrates three of Alpha Dhabi’s distinguished hotel businesses into the expansive NCTH portfolio, marking a significant milestone in the luxury hospitality sector.

Alpha Dhabi has solidified its influence within NCTH by acquiring 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles, elevating its shareholding to 36.4%. This acquisition is set to undergo regulatory approvals.

The integration significantly enhances the combined entities’ presence both within the UAE and on the international stage, particularly in the ultra-luxury segment, adding illustrious properties such as St Regis Saadiyat and Al Wathba Luxury Collection in Abu Dhabi, alongside the globally renowned Cheval Blanc, a luxury resort in the Maldives and the eagerly anticipated Cheval Blanc Seychelles.

Eng. Hamad Al Ameri, CEO of Alpha Dhabi Holding, stated, “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.”

Hany Farag, Chief Executive Officer of NCTH, expressed his optimism for the future, “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 elevating the local communities at the world-leading destinations where we operate.”

This strategic move not only consolidates the market position of both Alpha Dhabi and NCTH but also aims to enhance the luxury tourism and resort offerings in the UAE and beyond, responding to the growing demand for high-end hospitality experiences.

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