Aldar signs Oberoi deal

Aldar Properties has signed an agreement with India-based Oberoi Hotels and Resorts, to develop two luxury hotels on its Yas Island and Al Raha Beach projects.

Aldar Properties has signed an agreement with India-based Oberoi Hotels and Resorts, to develop two luxury hotels on its Yas Island and Al Raha Beach projects.

The first development will be a business hotel at Al Raha Beach followed by a beachfront resort on Aldar's Yas Island development.

"Under our agreement with Oberoi Hotels and Resorts, Aldar Hotels and Hospitality will be their exclusive partners for luxury hotel development in Abu Dhabi. This deal demonstrates Aldar's growing global status.

We believe that by matching world-class hospitality brands with world-class developments, such as Al Raha Beach and Yas Island, we will deliver an exceptional new level of hotel product and service to Abu Dhabi," said Paul Bell, managing director, Aldar Hotels and Hospitality.

Oberoi currently operate 18 hotels and resorts in Egypt, Mauritius, India, Indonesia and Saudi Arabia. In July 2007, three Oberoi hotels were voted by readers of Travel and Leisure as amongst the top 12 hotels in the world.

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