Viceroy Hotel Group to manage Yas Hotel
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Viceroy Hotel Group will take managerial control of the landmark Yas Hotel after negotiating a deal with master developer Aldar.Located at the heart of the Yas Marina Circuit, home to the Formula 1 Abu Dhabi Grand Prix, the Yas Hotel has developed a reputation as one of the most iconic five star hotels in Abu Dhabi, welcoming high-level governmental meetings, awards ceremonies and corporate conferences as well as being recognised as the “World’s Best New Hotel” at the World Travel Awards in 2010.Viceroy Hotels currently manages properties in Santa Monica, Anguilla, Miami and Snowmass. Mohamed Khalifa Al Mubarak, deputy CEO & CCO, Aldar said: “[Viceroy Hotel Group’s] reputation for delivering returns for owners and operating unique “experience” hotels make them the perfect fit for this important asset. As the owner of seven hotels on Yas Island, Aldar plays a unique role in capturing synergies and creating economies of scale across these assets for the benefit of both ourselves and our hotel operators. In addition, we continue to coordinate efforts to further increase the attraction of Yas Island as a destination through our operations, marketing and continued development.”Brad Korzen, CEO of Viceroy Hotel Group, Viceroy Hotel Group, added: “We are thrilled to be adding this incredible property to our expanding management portfolio of ultra luxury hotels. It is only fitting that Viceroy’s first property outside North America is in Abu Dhabi, the home of our international headquarters.”
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