Staff Report
Dubai, UAE
The National Corporation for Tourism and Hotels (NCT&H) has announced the strategic expansion of its luxury hospitality portfolio through the addition of four prestigious properties. The newly integrated properties include two luxury resorts in Abu Dhabi -The St. Regis Saadiyat Island Resort and Al Wathba, a Luxury Collection Desert Resort & Spa – as well as two international destinations: Cheval Blanc Randheli in the Maldives and the newly opened Cheval Blanc Seychelles. These additions expand NCT&H’s portfolio, increasing its capacity to nearly 1,500 rooms and strengthening its presence in the ultra-luxury segment.
Tareq Abdulraheem Al Hosani, Chairman of the Board – NCT&H, commented, “The integration of these prestigious assets marks a transformative chapter for NCT&H, positioning us as a key player in the global luxury hospitality market. Our expanded portfolio allows us to offer unparalleled guest experiences while reinforcing Abu Dhabi’s reputation as a premier destination for high-end tourism.”
This transaction was made possible through a strategic partnership with Alpha Dhabi Holding, which acquired a controlling stake of 73.73 percent in NCT&H. This investment further strengthens NCT&H’s ability to capitalise on emerging opportunities in the luxury hospitality sector and reinforces Alpha Dhabi’s commitment to driving impactful growth in high-potential markets.
The newly acquired properties complement NCT&H’s existing luxury assets, which include InterContinental Abu Dhabi, InterContinental Residences Abu Dhabi, Danat Al Ain Resort, Danat Jebel Dhanna Resort, and Dhafra Beach Hotel.
This expansion aligns with NCT&H’s long-term strategy of enhancing its luxury offerings while contributing to the UAE’s vision of economic diversification. The hospitality sector remains a critical driver of growth, and NCT&H is well-positioned to capitalise on the rising demand for ultra-luxury experiences both within the UAE and internationally.
Ends
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