Alpha Dhabi acquires majority stake in NCTH
The transaction strengthens Alpha Dhabi Holding’s investment in the domestic and international luxury hospitality sector and involves the transfer of four key hotel assets
Alpha Dhabi Holding has secured a strategic controlling 73.73 per cent stake in the National Corporation for Tourism and Hotels (NCTH) following the sale of assets from Alpha Dhabi Hospitality Holding (ADHH) and Murban Energy Limited to NCTH in exchange for shares.
The deal bolsters NCTH’s position in the hospitality sector, as well as Alpha Dhabi Holding’s investment in both domestic and international luxury hospitality markets.
The transaction includes the transfer of four key hotel properties: two luxury hotels in Abu Dhabi — The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa — as well as the ultra-luxury Cheval Blanc Randheli in the Maldives and the recently opened Cheval Blanc Seychelles.
Alpha Dhabi’s growing portfolio
By consolidating its hotel assets under the NCTH umbrella, Alpha Dhabi Holding is reinforcing its commitment to growth and diversification.
The transfer of assets increases NCTH’s portfolio to eight hotels, bringing the total to nearly 1,500 keys.
Engineer Hamad Salem Al Ameri, CEO and MD of Alpha Dhabi Holding, commented: “This transaction underscores Alpha Dhabi Holding’s commitment to creating value in high-potential sectors, such as luxury tourism, through a strong presence in the UAE market as well as a growing footprint in the international ultra-luxury segment. The move aligns seamlessly with our long-term strategy to drive impactful and sustainable growth.”
Strategic partnership for luxury tourism growth
Through this partnership, Alpha Dhabi Holding and NCTH aim to capitalise on the growing demand for luxury tourism in the UAE and internationally, contributing to the diversification of the nation’s economy.
The hospitality sector continues to be a vital driver of economic development in the UAE, fuelled by the country’s strategic vision and thriving tourism initiatives.
The acquisition enhances NCTH’s ability to deliver exceptional luxury experiences across a broader global footprint.
Expansion of NCTH’s offerings
In addition to the newly acquired properties, NCTH’s existing portfolio includes the InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, and the Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel. NCTH also offers services in catering, retail, and transportation.
Hany Farag, CEO of NCTH, stated: “The integration of these prestigious assets into NCTH’s portfolio marks a new chapter for the company, positioning it as a leader in the international luxury hospitality segment by building a globally competitive portfolio.”
