Aldar and Ritz-Carlton sign a deal
United Arab Emirates: Monday, February 04 - 2008 at 08:31
Aldar Properties has signed a management agreement with The Ritz-Carlton Hotel Company, to launch the first Ritz-Carlton property in Abu Dhabi on its Coconut Island resort, reported Gulf News. Aldar signed a joint venture agreement with National Corporation for Tourism and Hotels to develop the resort in 2007. The resort is due to open in 2011, and includes a high-end residential community, lagoon, marina, spa, and now, a Ritz-Carlton hotel.
Also consider reading:
- » Dubai tourism doing well despite obstacles
- » RAK tourists post 40% hike
- » IHG and Siraj to develop 12 Saudi properties
- » Abu Dhabi National Hotels profit up 63%
- » Tourist flights between Yemen, Russia discussed
- » Over 1.4m tourists visit Sharjah in 2007
- » Orascom Hotels eyes acquisitions
- » Demand on Oman hotels rises
- » Ricco Forte agrees to manage Al Farida project
- » Diving attracts new business
Amena Bakr, Senior ReporterMonday, February 04 - 2008 at 08:31 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Browse related articles


Web Feeds