ALDAR Properties, Abu Dhabi’s fully integrated developer, has signed management contracts with Accor to develop two hotels on Yas Island.
The companies have also signed a strategic agreement which will see them collaborate on a number of new Accor branded hotels within Abu Dhabi.
“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.”
The two hotels, Ibis Yas Island and the Novotel Yas Island, will provide exceptional quality accommodation close to the island’s attractions.
With lagoons, beaches, commercial offices, boutiques and spas, Yas Island is set to become a unique international 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.
“We are thrilled to be working with Aldar on these prestigious projects as we strategically develop our brands in Abu Dhabi. Growth in this region is significant to Accor’s development objectives; the UAE and Abu Dhabi in particular are very important to our future plans,” said Christophe Landais, managing director, Middle East.
In addition to the Ferrari Experience - the world's first Ferrari Theme Park - Yas Island will also be home to a Formula 1 racetrack, which will be hosting the Abu Dhabi Grand Prix from 2009. Other attractions will include a state of the art water park, three championship golf courses, Warner Bros theme park and an equestrian centre signaling that Yas Island is set to become a unique international tourist attraction.