Business | Tourism
Aldar and Taj Hotels to develop five-star resort
Aldar Properties's hotels and hospitality division has signed an exclusive agreement with Taj Hotels Resorts and Palaces.
- Staff Report
- Published: 00:11 May 4, 2008
Dubai: Aldar Properties's hotels and hospitality division has signed an exclusive agreement with Taj Hotels Resorts and Palaces.
The first hotel to be developed by Aldar Hotels and Hospitality under the agreement is a five-star, 500-room luxury resort hotel on Abu Dhabi's Yas Island.
The hotel will be branded 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.
The agreement was signed by Paul Bell, managing director, Aldar Hotels and Hospitality, and Raymond N. Bickson, managing director and CEO of The Indian Hotels Company Limited, which owns and operates 79 Taj Hotels Resorts and Palaces worldwide.
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 entering 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," said Ronald Stephen Barrott, CEO of Aldar Properties.
Bell said the agreement brings together Abu Dhabi's leading development company and India's foremost luxury international hospitality brands.
"This agreement furthers our objective of combining world class brands with world class locations."
Bickson said the UAE is part of a strategic group of countries in the Gulf region where the leisure and hospitality sector is growing exponentially.
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