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The addition brings ADNEC’s total portfolio of hotels to six
CEO ADNEC Humaid Matar Al Dhaheri said the firm has a long-term investor perspective in identifying and acquiring key assets in developed markets
The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel.
The addition brings ADNEC’s total portfolio of hotels to six, with other hotels under management including the Aloft Abu Dhabi, Andaz Capital Gate, Abu Dhabi, the Anantara Sir Bani Yas Island Abu Dhabi, and the Qasr Al Sarab Desert Resort by Anantara in the UAE. It also owns the Aloft London ExCel.
Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC, said in a statement that ADNEC holds a long-term investor perspective in identifying and acquiring key assets in developed markets.
He added that this acquisition strengthens the Group’s competitiveness, increases the direct and indirect economic contributions of the hotel and hospitality sector to the UK economy, and further enhances the business tourism sectors in both nations.
Jeremy Rees, Chief Executive Officer at ExCeL London, said, “We have seen the commitment of Abu Dhabi and ADNEC towards the events sector through generating jobs and driving economic impact for London. We are confident that the addition of this new hotel will further solidify ExCeL’s wider competitive offering, in line with ADNEC’s wider global growth strategy.”
The completion of the transfer of the hotel to ADNEC is effective immediately.
