Abu Dhabi National Hotels (ADNH), which is listed on the Abu Dhabi Stock Exchange, said earlier this week that it will open a luxury resort in the emirate of Ras Al Khaimah within the United Arab Emirates.
It has acquired a privileged plot of land on the island of Al Marjan to develop a $272 million tourist property.
The as-yet-unnamed resort will feature 1,000 rooms spread over one million square feet. The signing of the property took place at the recently concluded Hospitality of the Future Summit in Dubai.
“At ADNH, we are confident that our investment in Ras al Khaimah will generate strong returns for our shareholders and enhance the UAE as a leading travel and hospitality destination. This luxury resort will complement our existing portfolio in Abu Dhabi and Dubai,” said Khalid Anib, CEO of ADNH.
Al Marjan Island by Marjan has more than 3,000 hotel rooms, including Hampton by Hilton Marjan Island, Mövenpick Resort Al Marjan Island, Rixos Bab Al Bahr Hotel, DoubleTree by Hilton Resort and Spa Marjan Island, and Marjan Island Resort and Spa. It also has a beach that stretches for 7.8 km, as well as a 23 km beachfront space.
“Ras Al Khaimah’s strength is its fully diversified economy with leadership focused on promoting trade, tourism, hospitality and manufacturing. Over the years, the emirate has strengthened its reputation as a hub for investment, hospitality and tourism, attracting high-profile investments and showcasing world-class assets,” said Abdulla Al Abdooli, CEO of Marjan.
“Marjan continues to establish high-end projects in the hospitality, leisure and sports sectors to support the Emirate’s destination strategy. ADNH’s investment to develop a luxury resort on the island of Al Marjan reflects its confidence in the potential of the destination and will catalyze further investment,” added Al Abdooli.