Rixos Bab Al Bahr charts next course after Aldar takeover

Rixos Bab Al Bahr charts next course after Aldar takeover

“The expectation is very high for bringing the hotel to the next level with the help of Aldar’s network and drive, and we are looking for a new direction and bright future,” he said, while clarifying that there is no management change, only ownership change.

In April 2022, Aldar Properties bought Rixos Bab Al Bahr hotel in a $210 million deal. The acquisition was made by Aldar Investment and the sale was through RAK National Hotels, a subsidiary of RAK Hospitality Holding,

The company had stated at the time of the takeover that the acquisition of the 715-room hotel added scale to Aldar Investment’s growing hospitality and leisure portfolio.

Rixos is all-inclusive luxury brand of French multinational hospitality group Accor, whose other brands include Fairmont, Sofitel, Pullman, Swissotel, Movenpick, Mercure, Raffles and ibis.

Rixos was also impacted by the hospitality slowdown due to Covid-19 pandemic.

Horst Walther-Jones said: “When the pandemic started in 2020, we closed the hotel for three months, during which time we could do the maintenance and repair work and prepared the hotel for opening again. We have not laid off any of our staff; instead, we kept them on salary adjustments as we made better manpower planning.”

With the recent changes in