Alpha Dhabi Holding and the National Corporation for Tourism and Hotels (NCTH) have finalised a strategic transaction, merging three of Alpha Dhabi’s hotel businesses into the NCTH portfolio.
With a 36.4% shareholding in NCTH, Alpha Dhabi facilitated the acquisition of 100% stakes in ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles by NCTH.
Subject to regulatory approvals, this transaction is set to bolster NCTH’s and Alpha Dhabi’s positions in the luxury hospitality sector, fortify their presence in the UAE market, and propel them into the ultra-luxury segment globally.
The transaction includes the addition of prestigious properties such as St Regis Saadiyat and Al Wathba Luxury Collection in Abu Dhabi, along with the ultra-luxury Cheval Blanc resorts in the Maldives and the soon-to-open Cheval Blanc Seychelles, to NCTH’s growing portfolio. This brings the total number of managed and owned hotels in NCTH’s portfolio to 8, with nearly 1,500 keys.
Alpha Dhabi’s acquisition of a 36.4% shareholding in NCTH in May 2023 has further strengthened their partnership. Together, they aim to cater to the rising demand for luxury tourism experiences in the UAE and beyond.
