Adnec buys new hotel in London, expands portfolio

Adnec buys new hotel in London, expands portfolio

The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel. The announcement comes in line with Adnec's long term investment strategy aimed at diversifying its business across the Group and achieving optimal integration of its assets through diversified economic sectors. The addition brings Adnec's total portfolio of hotels to six, with other hotels under management including the Aloft Abu Dhabi, Andaz Capital Gate, Abu Dhabi, the Anantara Sir Bani Yas Island Abu Dhabi, and the Qasr Al Sarab Desert Resort by Anantara in the UAE. It also owns the Aloft London ExCel. Humaid Matar Al Dhaheri, Managing Director and Group CEO of Adnec, commented, "Adnec is proud to welcome the DoubleTree By Hilton London ExCel to our portfolio." Adnec holds a long-term investor perspective in identifying and acquiring key assets in developed markets." He added that this acquisition strengthens the group's competitiveness, increases the direct and indirect economic contributions of the hotel and hospitality sector to the UK economy, and further enhances the business tourism sectors in both nations. "This acquisition reinforces our commitment to sustain the development of local communities alongside bolstering the relationship between the