The Abu Dhabi National Exhibitions Company (ADNEC) has added the DoubleTree By Hilton London ExCel to its portfolio.
The announcement comes in line with the group’s long term investment strategy, aimed at diversifying its business and achieving optimal integration of its assets through diversified economic sectors.
The decision will aim to further support both the UAE and British business and leisure tourism sectors, alongside the development of the local communities around the hotel.
It also brings the group’s total portfolio of hotels to six, with other hotels under management including the Aloft Abu Dhabi, Andaz Capital Gate, Abu Dhabi, the Anantara Sir Bani Yas Island Abu Dhabi, and the Qasr Al Sarab Desert Resort by Anantara in the UAE.
Humaid Matar Al Dhaheri, managing director and group CEO, ADNEC, said: “This acquisition strengthens the group’s competitiveness, increases the direct and indirect economic contributions of the hotel and hospitality sector to the UK economy, and further enhances the business tourism sectors in both nations.
“We have a long track record in overseeing successful hotel assets and will bring those same strategies and insights to ensure the continued commercial success of this hotel.”
Jeremy Rees, CEO at ExCeL London, added: “We have seen the commitment of Abu Dhabi and ADNEC towards the events sector through generating jobs and driving economic impact for London.
“We are confident that the addition of this new hotel will further solidify ExCeL’s wider competitive offering, in line with ADNEC’s wider global growth strategy.”