The Tourism Development and Investment Company (TDIC) announced the sale of land plot on Saadiyat island to Bin Otaiba Investment Group. The plot will be used to develop a five-star luxury resort.
The hotel, scheduled to open on the Saadiyat Beach District in 2015, will comprise 366 rooms and luxury beach villas, restaurants, a spa centre and gymnasium, conference facilities that can accommodate up to 800 guests, a sand-bottom swimming pool, gardens and various leisure features.
Bin Otaiba Investment Group portfolio of hotels across the UAE include the Hilton Sharjah, Millennium Hotel Abu Dhabi, and Embassy Suites Hotel in Sharjah – is currently in the final stage of appointing a well-renowned operator.
Ali Al Hammadi, deputy managing director of TDIC, said: “We are looking forward for the completion of this new luxury resort which will be a great addition to Abu Dhabi’s hospitality sector.”