Aldar Properties has signed an exclusive development agreement with The Ritz-Carlton Hotels Company.
The deal covers the development of a number of luxury hotels in Abu Dhabi to be managed by The Ritz-Carlton.
The parties also announced the signing of the second hotel management agreement under the exclusive arrangement which relates to The Ritz-Carlton Abu Dhabi, Al Dana to be developed at the exclusive Al Dana precinct on Aldar’s Al Raha Beach development, a statement said.
The agreements were signed at a ceremony held in London at the World Travel Market by Paul Bell, managing director of Aldar Hotels and Hospitality and Simon Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company.
The Ritz-Carlton Abu Dhabi, Al Dana offering 234 bedrooms will be located in at the Al Raha Beach development. Development work is due to start in 2010.
This is the second contract signed between Aldar Hotels and Hospitality and The Ritz-Carlton Hotel Company, the first being the Ritz Carlton Reserve hotel on Aldar’s Nareel Island development which is currently under construction.
“Aldar is delighted to be building on the existing relationship with The Ritz-Carlton Hotel Company. This partnership delivers on our objective of bringing together the most renowned brands and operators and Aldar’s exceptional locations. The Ritz-Carlton Hotel Company has a well deserved reputation for the delivery of memorable experiences and the best services and we look forward to working closely with them to bring the same to our customers,” said Bell.
