Tag Archives: RAKNH

Leading diversified professional services and investment management company Colliers, led the sale of Marjan Island Resort & Spa on behalf of Manazil Group to RAK National Hotels LLC (RAKNH), a subsidiary of RAK Hospitality Holding LLC (RAKHH). The sale of the 300-key, 5-star property marks a significant milestone in both RAKNH’s investment strategy and the ongoing development of the emirate as a premier leisure destination. James Wrenn, Executive Director, Capital Markets, Colliers in MENA, said: “Colliers is delighted to have led the sale of the well-known Marjan Island Resort & Spa in Ras Al Khaimah on behalf of the vendor, Manazil Group. The investment represents further commitment by the buyer RAK National Hotels (RAKNH) to realise the exciting ambitions of Ras Al Khaimah tourism over the coming years. We wish RAKNH and the operator Accor the very best as the property enters a new era, and of course extend our continued best wishes to Manazil Group with their existing portfolio of quality hotel assets.” Alison Grinnell, CEO of RAK Hospitality Holding commented: “The acquisition of Marjan Island Resort & Spa underscores our continued investment in Ras Al Khaimah and recognises the huge opportunities in the emirate as it positions itself as an international leisure destination. The property is ideally located to capitalise on these opportunities, and working with our partner Accor, we believe we can transform the property into a unique destination for tourists.” Abdul Mohsen Al Hammadi, Chairman and CEO of Manazil Group said: “After being one of the first properties to open on Al Marjan Island back in 2014, Marjan Island Resort & Spa became a stepping stone for our Group to enter into the hotel business and …

RAK National Hotels LLC  has added to its portfolio of hospitality and leisure assets the 300 key Marjan Island Resort & Spa from Manazil Group. The acquisition adds further scale to RAKNH’s portfolio and underlines its investment on Al Marjan Island, especially following RAKHH’s announcement of the group’s joint venture stake in the highly anticipated Wynn Al Marjan Island.  The property is currently operated by Accor Group and will be rebranded as a Pullman, the company’s premium hotel brand. Ras Al Khaimah’s tourism sector has been experiencing a major period of growth, with a multitude of new hotels, attractions and upgraded historical sites cementing the Emirate’s place as the go-to destination for adventure, relaxation and culture. Alison Grinnell, CEO of RAK Hospitality Holding commented: “The acquisition of Marjan Island Resort & Spa underscores our continued investment in Ras Al Khaimah and recognizes the huge opportunities in the Emirate as it positions itself as an international leisure destination. The property is ideally located to capitalise on these opportunities, and working with our partner Accor, we believe we can transform the property into a unique destination for tourists.” Abdul Mohsen Al Hammadi, Chairman and CEO of Manazil Group said: “After being one of the first properties to open on Al Marjan Island back in 2014, Marjan Island Resort & Spa became a stepping stone for our Group to enter into the hotel business and open four more hotels managed by Accor within the UAE, namely Movenpick, Novotel and Adagio in Jumeriah Village Triangle, and Pullman Sharjah.” Paul Stevens, COO Premium, Midscale & Economy Division for Middle East & Africa at Accor said: “We are very pleased to continue our strategic partnership with …

Hilton Garden Inn, Hilton’s midscale brand, and RAK National Hotels LLC opened Hilton Garden Inn Ras Al Khaimah, marking the brand’s entry into the northern most Emirate of the United Arab Emirates. The hotel joins five other Hilton properties operating in the Emirate and 22 across the UAE. Located in the heart of the Al Nakheel area, just steps from two major shopping malls and minutes from the souks and historical sites of the old city, Hilton Garden Inn Ras Al Khaimah features 240 modern and comfortable guest rooms, including 10 family rooms and eight suites, with sweeping city, creek and garden views. Commenting on the opening, HH Sheikh Ahmed bin Saud bin Saqr Al Qasimi, Chairman of RAKHH and RAKNH, said: “Hilton Garden Inn Ras Al Khaimah is a very strategic asset within our portfolio of hotels. It presents a significant opportunity for us to satisfy the needs of travellers who visit Ras Al Khaimah from all around the world. We have seen a shift in recent years towards the mid-market segment, which goes in hand with the growing importance of the emerging modern traveller. The hotel therefore, is the right choice for us and for Ras Al Khaimah. We look forward to seeing it grow and succeed.” Hilton Garden Inn Ras Al Khaimah guests will be treated to numerous amenities and services, including complimentary Wi-Fi throughout the property, a 24-hour business center, two tennis courts and a state-of-the-art fitness center open all day. The property also offers an outdoor pool, a separate shaded pool for children, and access to the beach facilities at Hilton Ras Al Khaimah Resort & Spa via complimentary shuttle. For conferences and other events, …