The Burj Khalifa in Dubai, UAE
The Burj Khalifa in Dubai, UAE Nick Fewings/Unsplash

Alpha Dhabi Holding PJSC (Alpha Dhabi) and the National Corporation for Tourism and Hotels (NCTH) have finalized a strategic deal adding three of Alpha Dhabi's hotel businesses to the NCTH portfolio.

Alpha Dhabi is among the fastest-growing investment holding companies in the MENA region, while NCTH is the owner and manager of some of Abu Dhabi's best hotels.

Alpha Dhabi holds a 36.4% stake in NCTH, which has acquired full ownership of ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts – Seychelles. This transaction enhances NCTH's (and Alpha Dhabi's) standing as value-driven players in the luxury hospitality sector.

The deal includes adding St. Regis Saadiyat and Al Wathba Luxury Collection, prestigious Abu Dhabi resorts, along with the ultra-luxurious Cheval Blanc in the Maldives and the soon-to-open Cheval Blanc Seychelles, to NCTH's expanding hotel portfolio.

These resorts join other top-notch hotels in the NCTH portfolio, bringing the total number of managed and owned hotels to 8, with nearly 1,500 keys in total.

"Our growing portfolio of luxury hotels in the UAE, Maldives, and Seychelles reflects the energy and vibrancy of these world-leading tourist destinations," Hamad Al Ameri, CEO of Alpha Dhabi Holding, was quoted as saying by WAM.

"By uniting our hotel brands under the NCTH umbrella, we have substantial direct and indirect investment both here in the UAE and internationally that will serve as an engine of growth and diversification within our existing investment portfolio," he added.

Hany Farag, Chief Executive Officer NCTH, noted that the hospitality, lifestyle, and tourism sectors show no signs of slowing down, which reflects on the long-term growth potential for hoteliers.

Farag pointed out that there is a strong demand for luxury brands across the region and through this acquisition, NCTH can capture these opportunities by consolidating much-loved brands and by adding further depth, diversification, and sophistication to the portfolio.

"As always, we seek to enrich guests with memorable experiences as well as elevating the local communities at the world-leading destinations where we operate," he added.

Last year, Alpha Dhabi acquired a 36.4% stake in the NCTH. This share purchase will raise Alpha Dhabi's overall ownership in NCTH, as both companies want to target the growing demand for luxury tourism experiences in the UAE and globally.