ALDAR Properties, the leading Abu Dhabi-based property developer's Hotels and Hospitality division signed an exclusive agreement with one of Asia's largest, premier international hospitality providers Taj Hotels Resorts and Palaces.
The agreement was signed by Paul Bell, Managing Director, ALDAR Hotels and Hospitality, and Raymond N. Bickson, Managing Director and Chief Executive Officer of The Indian Hotels Company Limited, which owns and operates 79 Taj Hotels Resorts and Palaces across the world.
The signing took place on the opening day of the Arabian Hotel Investment Conference which included a Summit on India highlighting prime Indian investment deals and projects being undertaken in the Subcontinent as well as Indian brands making an entrance into the Middle East.
"Aligning with leading internationally recognised hospitality brands is part of ALDAR's strategy to bring high quality investment opportunities to our developments. This agreement signifies ALDAR's commitment to bring world-class players to our market, and to Abu Dhabi," commented Ronald Stephen Barrott, CEO of ALDAR Properties.
The exclusive agreement between ALDAR Hotels and Hospitality and Taj Hotels Resorts and Palaces will cover a number of hotel projects. The first hotel to be developed by ALDAR Hotels and Hospitality under the agreement is a five-star, 500 room luxury resort hotel which will be in a spectacular waterfront location on ALDAR's mega entertainment destination, YAS Island. The hotel will be branded as a 'Taj Palace' Hotel on the lines of the elegant, original palace hotels of the Taj and will have facilities and services to match the exceptional location.
Commenting on the agreement Paul Bell, Managing Director, ALDAR Hotels and Hospitality stated, "Signing this agreement after the Summit on India during the Arabian Hotel Investment Conference is significant as it brings together Abu Dhabi's leading development company with one of India's foremost luxury international hospitality brands. This Summit on India is a testament to the growing popularity of Indian brands in this region and ALDAR Hotels and Hospitality is delighted to be able to partner with Taj Hotels and Resorts to further our objective of combining world class brands with world class locations " Raymond Bickson, Managing Director & CEO, Taj Hotels Resorts and Palaces commented, "We are delighted to enter into this strategic exclusive agreement with ALDAR Hotels and Hospitality as they re-define Abu Dhabi's hospitality landscape.
We are looking forward to becoming a part of the phenomenal YAS Island destination and to delivering the Taj brand of service and product to this exceptional project and others in Abu Dhabi. Indian international brands are becoming widely sought after as this Summit on India has revealed, and Taj Hotels Resorts and Palaces is very pleased to be working with leading companies such as Aldar Hotels and Hospitality to develop its brands in the region." "Today, the UAE, forms part of a strategic group of countries in the Gulf region. Leisure and hospitality in this region is growing exponentially and it is important for the Taj Hotels to be present in this region, which is rapidly morphing into a tourism hub of the future." The Arabian Hotel Investment Conference's Summit is taking place from 3-5 May at Madinat Jumeirah in Dubai. WAM
The agreement was signed by Paul Bell, Managing Director, ALDAR Hotels and Hospitality, and Raymond N. Bickson, Managing Director and Chief Executive Officer of The Indian Hotels Company Limited, which owns and operates 79 Taj Hotels Resorts and Palaces across the world.
The signing took place on the opening day of the Arabian Hotel Investment Conference which included a Summit on India highlighting prime Indian investment deals and projects being undertaken in the Subcontinent as well as Indian brands making an entrance into the Middle East.
"Aligning with leading internationally recognised hospitality brands is part of ALDAR's strategy to bring high quality investment opportunities to our developments. This agreement signifies ALDAR's commitment to bring world-class players to our market, and to Abu Dhabi," commented Ronald Stephen Barrott, CEO of ALDAR Properties.
The exclusive agreement between ALDAR Hotels and Hospitality and Taj Hotels Resorts and Palaces will cover a number of hotel projects. The first hotel to be developed by ALDAR Hotels and Hospitality under the agreement is a five-star, 500 room luxury resort hotel which will be in a spectacular waterfront location on ALDAR's mega entertainment destination, YAS Island. The hotel will be branded as a 'Taj Palace' Hotel on the lines of the elegant, original palace hotels of the Taj and will have facilities and services to match the exceptional location.
Commenting on the agreement Paul Bell, Managing Director, ALDAR Hotels and Hospitality stated, "Signing this agreement after the Summit on India during the Arabian Hotel Investment Conference is significant as it brings together Abu Dhabi's leading development company with one of India's foremost luxury international hospitality brands. This Summit on India is a testament to the growing popularity of Indian brands in this region and ALDAR Hotels and Hospitality is delighted to be able to partner with Taj Hotels and Resorts to further our objective of combining world class brands with world class locations " Raymond Bickson, Managing Director & CEO, Taj Hotels Resorts and Palaces commented, "We are delighted to enter into this strategic exclusive agreement with ALDAR Hotels and Hospitality as they re-define Abu Dhabi's hospitality landscape.
We are looking forward to becoming a part of the phenomenal YAS Island destination and to delivering the Taj brand of service and product to this exceptional project and others in Abu Dhabi. Indian international brands are becoming widely sought after as this Summit on India has revealed, and Taj Hotels Resorts and Palaces is very pleased to be working with leading companies such as Aldar Hotels and Hospitality to develop its brands in the region." "Today, the UAE, forms part of a strategic group of countries in the Gulf region. Leisure and hospitality in this region is growing exponentially and it is important for the Taj Hotels to be present in this region, which is rapidly morphing into a tourism hub of the future." The Arabian Hotel Investment Conference's Summit is taking place from 3-5 May at Madinat Jumeirah in Dubai. WAM
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