ALDAR Properties Signs Exclusive Strategic Alliance with Mövenpick Hotels & Resorts - Partnership agreement for development of three luxury hotels in Abu Dhabi
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ALDAR Properties Signs Exclusive Strategic Alliance with Mövenpick Hotels & Resorts - Partnership agreement for development of three luxury hotels in Abu Dhabi
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Category: Middle East
This is a press release selected by our editorial committee and published online for free on 2007-10-31
ALDAR Properties today signed an exclusive development contract with Mövenpick Hotels & Resorts which will initially result in the development of three hotels in Abu Dhabi. The management contract for the first project was also signed at the ceremony, which was held in Abu Dhabi between Ronald Barrott, CEO of ALDAR Properties and Andreas Mattmuller, Senior Vice President - Middle East and Asia, Mövenpick Hotels & Resorts Management FZ-LLC.
The first hotel in this agreement will be a 500-room luxury establishment, located in the heart of YAS Island with close proximity to the island’s world-class theme parks including the Ferrari Theme Park, and the Warner Brothers Theme Park. The hotel is due to open in 2010. The other two hotels specified in the overall development contract are currently in the planning stages.
"ALDAR is looking forward to a long and successful relationship with Mövenpick Hotels & Resorts. This partnership highlights and builds upon ALDAR Hotels and Hospitality’s growing involvement with international brands. Partnering internationally recognised hospitality brands and exceptional locations is a strategy which ALDAR believes will help position its developments, Abu Dhabi, and the UAE as world-class destinations," commented Ronald Barrott, CEO of ALDAR Properties.
"This agreement with ALDAR Hotels and Hospitality is a great opportunity for Mövenpick Hotels & Resorts to establish itself in the emirate of Abu Dhabi. The hotel planned for YAS Island will be in a prime location for entertainment, shopping, and relaxation and is an excellent way to begin this long-term partnership," stated Andreas Mattmuller, Senior Vice President – Middle East and Asia, Mövenpick Hotels & Resorts Management FZ- LLC.
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