CHICAGO - Tuesday, May 27th 2014 [ME NewsWire]
(BUSINESS
WIRE)-- Hyatt Hotels Corporation (NYSE: H) and Emirates Pearl for
Development & Investment L.L.C. (EPDI) announced today an agreement
between a Hyatt affiliate and Emirates Pearl for the management of a
Grand Hyatt hotel in Abu Dhabi, which is expected to open in 2015.
Emirates Pearl for Development & Investment is a joint venture
between a subsidiary of Atlas Group and Tourism Development &
Investment Company (TDIC). TDIC is a master developer of major tourism,
cultural and residential destinations in Abu Dhabi.
Destined to
be iconic, the 47-story hotel will be located on the southwest end of
the Coastal Boulevard in the prestigious Ras Al Akhdar district of
central Abu Dhabi, conveniently located close 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.
According to H.E. Ahmed
Seddiq Al Mutawaa, Chairman of Atlas Group and EPDI, "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, said, “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.”
Contacts
Atlas Group
Dean Al Rifai
dean.alrifai@atlasgroup.ae
Hyatt Hotels & Resorts, Southwest Asia
Yasmin D. Poonegar
+971 4 7031211
yasmin.poonegar@hyatt.com
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