Aldar signs deal to build two hotels for Accor

Abu Dhabi: Abu Dhabi-based developer Aldar Properties has signed a contract with French hotel operator Accor for the development of two Accor-branded hotels on Yas Island.

"The companies have also signed a strategic agreement, which will see them collaborate on a number of new Accor-banded hotels within Abu Dhabi," Aldar said in a statement.

The two proposed hotels, Ibis Yas Island and the Novotel Yas Island, will provide accommodation close to the attractions on the major tourist development of Yas Island, said Aldar.

"Accor's brands are some of the most recognised and respected in the hotel world and with the company rapidly expanding in the Middle East, we are delighted to have signed this strategic development agreement with them," said Paul Bell, managing director, Aldar Hotels and Hospitality. "Together, we look forward to delivering top-quality, value-for-money accommodation in our developments."

With lagoons, beaches, commercial offices, boutiques and spas, Yas Island is set to become a unique tourist attraction.

The long-term management agreements signed by Aldar and Accor will see the delivery of approximately 650 bedrooms in the two properties, which are set for completion in 2010.

However, Aldar did not disclose the size of its investment in building the two properties.