17 July 2011

Viceroy Hotel Group selected to operate Yas Hotel

Aldar Properties, Abu Dhabi's leading property development, investment and management company, today announced that the Viceroy Hotel Group has been awarded the contract to operate the Yas Hotel on Yas Island, the Emirate's leading leisure and entertainment destination.

Located at the heart of the Yas Marina Circuit, home to the Formula 1™ Etihad Airways Abu Dhabi Grand Prix, the Yas Hotel welcomed its first guests for the inaugural race in 2009 where it unveiled its unique design and world class amenities.  Since then, it has developed a reputation as one of the most iconic five star hotels in Abu Dhabi, welcoming high-level governmental meetings, awards ceremonies and corporate conferences as well as being recognised as the "World's Best New Hotel" at the World Travel Awards in 2010.

Following a comprehensive selection process against objective criteria, the Viceroy Hotel Group was awarded the operation of the Yas Hotel due to its passion for design and personalised service, its ability to maximise returns whilst maintaining brand identity, as well as its highly experienced team.

At all of its signature hotels, which include Santa Monica, Anguilla, Miami and Snowmass, Viceroy Hotel Group provides amenities that include dynamic dining venues and destination spas created for the brand's diverse business and leisure guests.

Mohamed Khalifa Al Mubarak, Deputy CEO & Chief Commercial Officer, Aldar said:

"I am delighted to announce the appointment of Viceroy Hotel Group to operate the Yas Hotel. Their reputation for delivering returns for owners and operating unique "experience" hotels make them the perfect fit for this important asset. As the owner of seven hotels on Yas Island, Aldar plays a unique role in capturing synergies and creating economies of scale across these assets for the benefit of both ourselves and our hotel operators. In addition, we continue to coordinate efforts to further increase the attraction of Yas Island as a destination through our operations, marketing and continued development."

Brad Korzen, CEO of Viceroy Hotel Group, Viceroy Hotel Group, added:

"We are thrilled to be adding this incredible property to our expanding management portfolio of ultra luxury hotels. It is only fitting that Viceroy's first property outside North America is in Abu Dhabi, the home of our international headquarters."

-Ends-

About Aldar
Aldar Properties PJSC is Abu Dhabi's leading property development, management and investment company. It listed on the Abu Dhabi Securities market in 2004. Aldar was established to support the region's infrastructure through the creation of high quality, attractive and sustainable communities equipped with residential, commercial, retail, leisure, hospitality, education and medical facilities.      

Aldar's diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Al Falah, and Noor Al Ain. The company owns a sizeable land bank in strategic locations throughout the Emirate.

About Viceroy Hotel Group
Viceroy Hotel Group delivers one-of-a-kind lifestyle experiences that bring together provocative design and intuitive service in sought-after locations. The current portfolio of managed properties includes two luxury brands, Viceroy and The Tides. Viceroy Hotels & Resorts exemplify a passion for authentic, visionary design and personalized service. Signature Viceroy amenities and services created for the brand's diverse business and leisure guests include dynamic dining venues featuring world-class culinary talents and destination spas specializing in health, fitness and beauty.

Current Viceroy properties include hotels and resorts in Santa Monica, Palm Springs, Miami, Anguilla and Snowmass, Colorado with forthcoming openings in Beverly Hills (in what is currently L'Ermitage Beverly Hills), the Maldives and Sowwah Island in Abu Dhabi.

The Tides brand offers chic beachfront backdrops that inspire reconnection through cultural experiences delivered with style and spirit. Every Tides destination interprets indigenous cultural elements, expressed in each property's décor, cuisine, and spa. The Tides collection includes hotels and resorts in Miami's South Beach, Mexico's Riviera Maya and Zihuatanejo, as well as upcoming developments on St. Lucia in the Caribbean, which is currently operating as Jalousie Plantation. The Urban Retreat Collection includes Avalon Hotel in Beverly Hills, Maison 140 in Beverly Hills, and Sheraton Delfina in Santa Monica.

For more information, please contact:
Aldar
Sami Eid | Shamma Al Nuaimi
seid@aldar.com | salnuaimi@aldar.com
Tel: 02-810-5747

Viceroy Hotels Group
Carran Gannaway or Brooke Hilton, LaForce + Stevens
Viceroy@LaForce+Stevens.com
Tel
: 212-242-9353

© Press Release 2011