Abu Dhabi NCTH to manage 20 hotels by 2015
Abu Dhabi, July 3, 2013
Abu Dhabi-based National Corporation for Tourism and Hotels (NCTH), which currently is the asset manager of 12 hotels inside and outside the UAE, will be managing about 20 hotels in the next two years.
NCTH asset management division, one of the most important divisions of the corporation, is managing those hotels which include around 3,000 rooms, mostly in Abu Dhabi, Al Ain and Dubai.
“The Asset Management Division is planning to manage 20 hotels by 2015,” NCT&H said, adding that the division has played a vital role in supporting the Corporation since it was created three years ago.
“It is one of the five most important divisions at NCT&H along with the industrial catering, liquor division and hospitality division,” said Walid Nicolas Harouni, the hotels division director.
Being managed by Ayman Mashhour, the asset management division enjoys one of the best investment records within NCTH given its ability to develop revenue and continuously upgrade performance.-TradeArabia News Service