Tag Archives: Abu Dhabi National hotels

Marriott International, Inc. and Abu Dhabi National Hotels (ADNH) announced an agreement to bring a luxury resort and residential development under The Luxury Collection brand to Ras Al Khaimah. Situated within Al Marjan Island, Ras Al Khaimah’s flagship development, the project is anticipated to blend the brand’s authentic take on luxury while providing residents an elevated and exceptional living experience. The Luxury Collection Resort in Al Marjan Island is anticipated to comprise 466 thoughtfully designed rooms and suites, along with 29 expansive villas. Design plans for the resort include multiple dining venues, a spa, fitness center, kids club, swimming pool, and padel court. The property is also slated to feature more than 3,500sqm of meeting and event space, including a 1,300sqm ballroom.

Abu Dhabi National Hotels (ADNH) and First Abu Dhabi Bank (FAB) have signed an AED 1.6bn loan facility agreement, which will provide ADNH with the financing capability to acquire Dubai-based hotels. The agreement was signed by Sheikh Ahmed Mohammed Sultan Suroor Al Dhaheri, Vice Chairman, ADNH and André Sayegh, Deputy Group CEO and Group Head of Corporate & Investment Banking, FAB. Sheikh Ahmed Mohammed Sultan Suroor Al Dhaheri, Vice Chairman, ADNH, said, “This landmark agreement reflects our ambition to ensure sustainable growth through strategic acquisitions in our core markets. Our continued expansion across the UAE allows us to contribute to economic prosperity throughout the country, which is an important aspect of the Abu Dhabi Vision 2030.” André Sayegh, Deputy Group CEO and Group Head of Corporate & Investment Banking, FAB, said: “Supporting the Abu Dhabi Vision 2030 and contributing to growth throughout the UAE are key pillars of FAB’s lending model. This agreement supports this mandate and highlights our reputation as the bank of choice for large corporates in the UAE and beyond. We are delighted to have concluded this loan facility with ADNH (being a prime UAE Corporate Institution) and to support the development of the hospitality sector.”