International Holding Company s (IHC) subsidiary Alpha Dhabi Holding has acquired further assets from Murban, including the sought-after Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality (EIH).
IHC unit adds Maldives resort, Etihad unit to $680m deal
ABU DHABI, 1 hours, 51 minutes ago International Holding Company s (IHC) subsidiary Alpha Dhabi Holding has acquired further assets from privately-owned company Murban, including the sought-after Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company. This brings the value of assets acquired by Alpha Dhabi from Murban to AED2.5 billion ($680 million), following a previously announced AED1.7 billion transaction, which saw Alpha Dhabi assume ownership of assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel venture after establishing the renowned Cheval Blanc Courchevel in France.
June 2021 112 International Holding Company s (IHC) subsidiary Alpha Dhabi Holding has acquired further assets from privately-owned company Murban, including the sought-after Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company. This brings the value of assets acquired by Alpha Dhabi from Murban to AED2.5 billion ($680 million), following a previously announced AED1.7 billion transaction, which saw Alpha Dhabi assume ownership of assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel venture after establishing the renowned Cheval Blanc Courchevel in France.