Alpha Dhabi Acquires Major Stake in National Corporation for Tourism and Hotels
Deal News | Jan 29, 2025 | Zawya
Alpha Dhabi Holding has acquired a 73.73% controlling interest in the National Corporation for Tourism and Hotels (NCTH) and has reinforced its position in the luxury hotel industry by transferring prominent assets to NCTH in exchange for shares. The strategic assets include The St. Regis Saadiyat Island Resort, Al Wathba, a Luxury Collection Desert Resort & Spa in Abu Dhabi, the Cheval Blanc Randheli in the Maldives, and the Cheval Blanc Seychelles. This move consolidates significant luxury properties under NCTH and aligns with Alpha Dhabi's growth strategy in luxury tourism. NCTH's portfolio now includes eight hotels, totaling nearly 1,500 keys, significantly enhancing its offering. Alpha Dhabi leverages its hospitality ventures across domestic and international markets, reflecting a commitment to creating value and driving growth in high-potential sectors such as luxury tourism. The transaction feeds into NCTH's endeavors to establish itself as a leader in the luxury hospitality segment and strengthens the UAE's tourism industry.
Sectors
- Hospitality
- Tourism
- Real Estate Investment
Geography
- United Arab Emirates – Headquarters for both Alpha Dhabi Holding and NCTH, where the majority of the transaction's impact will be felt.
- Maldives – Location of one of the luxury properties included in the asset transfer to NCTH.
- Seychelles – Home to the newly opened Cheval Blanc property included in the transferred assets.
Industry
- Hospitality – The acquisition strengthens Alpha Dhabi's and NCTH's positions in the luxury hospitality sector with strategic properties in key destinations.
- Tourism – The deal aims to enhance the tourism sector by bolstering the portfolio of luxury hotels and contributing to the growth of high-end tourism offerings.
- Real Estate Investment – The transaction involves strategic investment in hotel properties, a key aspect of real estate investment focused on expanding luxury accommodations.
Financials
- 73.73% – The controlling interest acquired by Alpha Dhabi Holding in National Corporation for Tourism and Hotels.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Dhabi Holding | Acquirer | Company | A leading investment company focused on the growth and diversification within high-potential sectors such as luxury hospitality. |
| National Corporation for Tourism and Hotels (NCTH) | Target | Company | A company that operates in tourism and hospitality, now expanding its footprint in the luxury hotel industry. |
| Alpha Dhabi Hospitality Holding LLC | Selling Company | Company | Provider of hospitality assets to NCTH as part of the acquisition deal. |
| Murban Energy Limited | Selling Company | Company | Part of the asset contribution to the NCTH in exchange for a strategic stake. |
| Hamad Salem Al Ameri | Chief Executive Officer and Managing Director | Person | CEO and MD of Alpha Dhabi Holding, driving the company’s growth strategy. |
| Hany Farag | Chief Executive Officer | Person | CEO of NCTH, leading the integration of new assets and expansion of hospitality offerings. |