Aldar signs Ritz Carlton dea
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UAE-based realtor, Aldar Properties, has signed an agreement with Ritz-Carlton to development of a number of luxury hotels in Abu Dhabi, Gulf News has reported. The two companies also announced the signing of a second management agreement for the 234-room Ritz-Carlton Abu Dhabi, Al Dana to be developed at the Al Raha Beach development.
Another property, the Ritz-Carlton Reserve Hotel on Aldar’s Nareel Island, is currently under construction.
“We are very pleased that our strategic development plan for The Middle East is progressing so well,” said Simon Cooper, President and Chief Operating Officer of Ritz-Carlton.
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