Abu Dhabi: Aldar to investment Dh1.5 billion in expanding hospitality portfolio

5 billion to elevate its hotel assets into luxury resort-style properties responds to growing demand for premium hospitality experiences in Abu Dhabi amid rapid expansion of the leisure and tourism sector.

As part of this strategic programme, Aldar has partnered with Hilton to operate the Eastern Mangroves hotel under the Waldorf Astoria brand. Yas Plaza and the desert resort formerly known as Tilal Liwa, will both come under the Vignette Collection brand, an IHG Hotels & Resorts concept. The Yas Plaza hotels will be the largest Vignette Collection resort in the world.

Abu Dhabi attracted 27 per cent more hotel guests in 2023 than in the previous year, with international guest arrivals increasing 54 per cent. This was in line with the Department of Culture and Tourism - Abu Dhabi’s strategy to boost visitor numbers to 39.3 million by 2030. Growth has been supported by the opening of the new terminal at Zayed International Airport, which has capacity for 45 million passengers, as well as the success of world-class attractions in Saadiyat Cultural District and Yas Island.

Talal Al Dhiyebi, group chief executive officer of Aldar, said: “The UAE continues to enhance its appeal as a premier international leisure and tourism destination, and the government has a clear vision to further develop tourism infrastructure and attractions. In this context, we see a tremendous opportunity to enhance and reposition our hotel portfolio to meet expected demand in the luxury segment, while maximising the revenue potential of each asset. We are also incredibly excited to provide our customers with the opportunity to experience two world class hospitality brands in Abu Dhabi for the first time.”

At Yas Plaza, Aldar is revising its entire masterplan to turn the six-hotel complex into a fully integrated resort that will be operated by IHG’s ‘Vignette Collection’ brand and renamed Straylight Yas. For the first time, the resort will have access to a private beach and Aldar will add beachfront suites to provide even more choice for guests. Once completed, the resort is expected to become Yas Island’s premier destination for both international and local guests, complementing the vision of the island as a leading leisure and entertainment destination.

The Eastern Mangroves hotel will become the Waldorf Astoria Abu Dhabi. Aldar will also introduce luxury residential living as part of the broader master plan, with enhancements to the promenade and marina, and a brand-new retail mix.

Aldar’s ambitious plans for hospitality mirrors the significant investment underway across the business, guided by a strategy for transformational growth, which is driving rapid expansion and diversification alongside consistent upgrade and optimisation of Aldar’s assets and operating platforms, a statement said.