JV to look after Grand Hyatt hotel in Abu Dhabi.
Emirates Pearl for Development & Investment is a joint venture between a subsidiary of Atlas Group and Tourism Development & Investment Company (TDIC ) - master developer of major tourism, cultural and residential destinations in Abu Dhabi.
The 47-story hotel will be located on the southwest end of the Coastal Boulevard in the Ras Al Akhdar district of central Abu Dhabi, next to upscale shopping malls, tourist attractions and only 30 minutes from Abu Dhabi International Airport.
Designed by Dennis Lems Architects Associates, with interiors by MKV Design of London, the contemporary 'twisting' glass tower will offer 368 rooms, 60 fully furnished service apartments, four restaurants, a lounge, two bars, extensive meeting facilities and a sophisticated spa and fitness center.
H.E. Ahmed Seddiq Al Mutaw, chairman of Atlas Group and EPDI, said: "Our relationship today with a world-class operator such as Hyatt follows a detailed due diligence process undertaken by Atlas Group and its consultants and advisors. Hyatt shares our vision for the hotel and we are delighted to have the opportunity to work together.
"Furthermore, I believe that the success of this ambitious project will be assured by the continuing support of the Abu Dhabi Tourism and Culture Authority and the Tourism Development & Investment Company . The building and operation of this hotel is further evidence of the momentous tourism development program initiated by the government of Abu Dhabi."
Peter Fulton, group president for Europe, Africa, Middle East/Southwest Asia, Hyatt, added: "Grand Hyatt hotels are known for their luxurious accommodations, extraordinary restaurants, dramatic architecture and state-of-the-art meeting services. Grand Hyatt Abu Dhabi Hotel & Residences Emirates Pearl will fulfill all these criteria and offer a complete destination.
"We are delighted to work together with Atlas Telecommunications and Tourism Development & Investment Company to introduce the Grand Hyatt brand to the UAE capital."
2014 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||May 28, 2014|
|Previous Article:||Drake & Scull wins $30mn Abu Dhabi contract.|
|Next Article:||Eversendai picks up $180mn liftboats deal.|