The Abu Dhabi Securities Exchange-listed Abu Dhabi National Hotels (ADNH) said earlier this week that it will open a luxury resort in the emirate of Ras Al Khaimah within the UAE.
It has acquired a prime plot on Al Marjan Island to develop a US$272 million resort property.
The yet unnamed resort will feature 1,000 rooms spread over one million square feet. The signing of the property was undertaken at the recently concluded Future Hospitality Summit in Dubai.
“At ADNH, we are confident that our investment in Ras al Khaimah will create strong returns to our shareholders and enhance UAE as a leading travel and hospitality destination. This luxury resort will complement our existing portfolio across Abu Dhabi and Dubai,” said Khalid Anib, CEO of ADNH.
Al Marjan Island by Marjan has over 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 stretching over 7.8km as well as 23km waterfront space.
“Ras Al Khaimah’s strength is its fully diversified economy with the leadership focused on promoting trade, tourism, hospitality, and manufacturing. Over the years, the emirate has strengthened its reputation as an investment, hospitality, and tourism hub, attracting high-profile investments and featuring 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 destination strategy of the Emirate. The investment by ADNH to develop a luxury resort in Al Marjan Island reflects its confidence in the potential of the destination and will catalyse additional investments,” added Al Abdooli.