ABU DHABI: Alpha Dhabi Holding, a unit of the Abu Dhabi’s International Holding Company (IHC), acquired hospitality investor Murban for 1.7 billion dirhams ($500 million). Murban, founded in 2006, owns assets including St. Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. In March, it signed an agreement to build a luxury resort in Aceh
Alpha Dhabi Holding acquires key UAE hospitality group
ABU DHABI, 3 days ago Alpha Dhabi Holding, one of the fastest-growing construction companies in the region and a subsidiary of IHC, said it has acquired Murban, a privately-owned company. Founded in 2006, Murban is a leading investment company based in Abu Dhabi with AED 1.7 billion ($500 million) in equity. Murban is primarily involved in the hospitality industry, with current assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand. Earlier in March, Murban signed an agreement with the Aceh Governor to build a luxury resort in Aceh province, Indonesia.
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