Business | Tourism
ADNH, Park Hyatt sign agreement for resort on Saadiyat Island
Abu Dhabi National Hotels (ADNH) announced the signing of the management agreement with Hyatt International. Under the terms of the agreement, Hyatt will handle all operational and management aspects of the luxurious 5-star Park Hyatt that will be developed by ADNH on Saadiyat Island at the northern part.
- Staff Report
- Published: 18:05 September 22, 2008
Abu Dhabi: Abu Dhabi National Hotels (ADNH) has announced the signing of the management agreement with Hyatt International.
Hyatt will handle all operational and management aspects of the luxurious 5-star Park Hyatt that will be developed by ADNH on Saadiyat Island at the northern part.
"Such moves help boost the UAE's travel and tourism sectors into new horizons. And by providing the relevant infrastructure, Abu Dhabi is poised to become the region's leading business, entertainment and cultural destination," said Shaikh Sultan Bin Tahnoon, Chairman of Abu Dhabi Tourism Authority.
The ADNH Park Hyatt Saadiyat Resort is expected to be completed by 2010. It will have 316 rooms, suites and villas in addition to top-class restaurants and facilities dedicated to conference, banqueting and recreation.
Located on the Saadiyat Beach district, the Park Hyatt will be surrounded by an 18-hole championship golf course and will boast a nine-kilometre beach stretch.
The resort will be located very close to the Cultural District, which will house the world famous Louvre and Guggenheim museums in Abu Dhabi.
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
