NCT&H Expands Luxury Portfolio with Prestigious Acquisitions
Deal News | Feb 20, 2025 | Zawya
The National Corporation for Tourism and Hotels (NCT&H) has significantly expanded its luxury hospitality portfolio with the acquisition of four high-end properties: The St. Regis Saadiyat Island Resort, Al Wathba, a Luxury Collection Desert Resort & Spa, Cheval Blanc Randheli in the Maldives, and Cheval Blanc Seychelles. This strategic expansion increases their capacity to nearly 1,500 rooms and solidifies their position in the global luxury hospitality market. Enabled by a strategic partnership with Alpha Dhabi Holding, which acquired a controlling stake of 73.73% in NCT&H, the expansion aligns with NCT&H's objective to provide unparalleled guest experiences and support Abu Dhabi's tourism industry growth. This development is part of a broader strategy to enhance luxury offerings and contribute to the UAE's economic diversification goals.
Sectors
- Luxury Hospitality
- Tourism and Leisure
- Investment and M&A
Geography
- United Arab Emirates – NCT&H is headquartered in Abu Dhabi, and the expansion aligns with UAE's vision for economic diversification.
- Maldives and Seychelles – Locations of the newly acquired Cheval Blanc properties, expanding NCT&H's international presence.
Industry
- Luxury Hospitality – This industry pertains to high-end accommodation and tourism services. NCT&H's portfolio expansion directly affects this sector.
- Tourism and Leisure – Relevant due to NCT&H's commitment to elevating Abu Dhabi as a prime destination for tourism and leisure, supported by their new acquisitions.
- Investment and M&A – The transaction involving Alpha Dhabi's acquisition of a controlling stake in NCT&H is significant within the context of M&A in the luxury hospitality market.
Financials
- 73.73% – Controlling stake acquired by Alpha Dhabi Holding in NCT&H.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| National Corporation for Tourism and Hotels (NCT&H) | Target Company | Company | A leading entity in the UAE's hospitality sector, expanding its luxury portfolio with new acquisitions. |
| Alpha Dhabi Holding | Bidding Company/Buyer | Company | Acquired a 73.73% controlling stake in NCT&H, facilitating its expansion in the luxury hospitality market. |
| The St. Regis Saadiyat Island Resort | Acquired Property | Company | One of Abu Dhabi's distinguished luxury resorts newly added to NCT&H's portfolio. |
| Al Wathba, a Luxury Collection Desert Resort & Spa | Acquired Property | Company | An exclusive luxury resort in Abu Dhabi, enhancing NCT&H's high-end offerings. |
| Cheval Blanc Randheli | Acquired Property | Company | A luxury property in the Maldives, part of NCT&H's international expansion. |
| Cheval Blanc Seychelles | Acquired Property | Company | A newly opened luxury destination in the Seychelles, furthering NCT&H's global reach. |
| H.E. Tareq Abdulraheem Al Hosani | Chairman | Person | Chairman of the Board at NCT&H, overseeing its strategic expansion. |