Abu Dhabi, UAE: Aldar Properties PJSC (“Aldar”) is pleased to announce that it is working with Viceroy Hotel Group (“Viceroy”) on a Viceroy branded property in Abu Dhabi.
Jassem Busaibe, Chief Investment Officer of Aldar Properties, said: “We are pleased to continue our relationship with Viceroy Hotel Group on this hospitality project in line with our strategy to leverage partnerships with international operators and brands for our portfolio of eleven hotels.”
Bill Walshe, CEO of Viceroy Hotel Group, commented: “We are excited by what the next chapter brings for Viceroy Hotel Group in the region. Aldar has been and will continue to be a very important partner. We look forward to working with them in the drive to position Abu Dhabi globally”
More details on the project will be announced in due course.
For further information, please contact:
Investors:
Chris Wilson
Aldar Properties
+971 2 810 5624
Media:
Nick Farmer / Obaid Al Yammahi
Aldar Properties
+971 2 810 5555
Amy Piek
Hanover
+971 55 459 3260
About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
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