NCTH & Alpha Dhabi redefine luxury tourism with strategic acquisitions

NCTH & Alpha Dhabi redefine luxury tourism with strategic acquisitions

Alpha Dhabi Holding (Alpha Dhabi) and National Corporation for Tourism and Hotels (NCTH) have completed a strategic transaction which unites 3 of Alpha Dhabi’s hotel businesses within the NCTH portfolio. According to the statement, “Alpha Dhabi has a 36.4 percent shareholding in NCTH, who have acquired 100 percent stakes in ADH Hospitality, Murban (BVI) Holding, […]Alpha Dhabi Holding (Alpha Dhabi) and National Corporation for Tourism and Hotels (NCTH) have completed a strategic transaction which unites 3 of Alpha Dhabi’s hotel businesses within the NCTH portfolio.

According to the statement, “Alpha Dhabi has a 36.4 percent shareholding in NCTH, who have acquired 100 percent stakes in ADH Hospitality, Murban (BVI) Holding, and Hill View Resorts – Seychelles.”

Under the transaction, which is subject to regulatory approvals, NCTH and Alpha Dhabi have bolstered their position as value-creating businesses within the luxury segment of the hospitality sector through a strong presence in the UAE market as well as a growing footprint in the ultra-luxury segment internationally.

Hamad Al AmeriMD & CEOAlpha Dhabi Holding

“Our growing portfolio of luxury hotels in the UAE, Maldives, and Seychelles reflects the energy and vibrancy of these world-leading tourist destinations. By uniting our hotel brands under the NCTH umbrella, we have substantial