Alpha Dhabi Holding has acquired a 73.73% controlling stake in the National Corporation for Tourism and Hotels (NCTH) by transferring assets from Alpha Dhabi Hospitality Holding LLC (ADHH) and Murban Energy Limited to NCTH in exchange for shares.
This acquisition enhances NCTH’s position and Alpha Dhabi Holding’s presence in the domestic and international luxury hospitality sector. It involves the transfer of four key hotel properties, including two notable luxury hotels in Abu Dhabi: The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa. Additionally, the ultra-luxury Cheval Blanc Randheli in the Maldives and the newly opened Cheval Blanc Seychelles are part of the deal.
Through this consolidation, Alpha Dhabi Holding reinforces its commitment to growth by transferring its hotel assets under NCTH’s umbrella, increasing NCTH’s portfolio to eight hotels with nearly 1,500 rooms.
Eng. Hamad Salem Al Ameri, CEO of Alpha Dhabi Holding, commented, “This transaction highlights our commitment to creating value in luxury tourism and aligns with our long-term strategy for sustainable growth in both the UAE market and international luxury sectors.”
The acquisition adds to NCTH’s existing properties, including InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, and Danat resorts, alongside offering services in catering, retail, and transportation.
Hany Farag, CEO of NCTH, stated, “Integrating these prestigious assets strengthens our position as a leader in the luxury hospitality segment and contributes to the growth of the UAE’s thriving tourism sector.”