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Knight Frank advises ADNH in major Dubai hotel sale

DUBAI, December 13, 2018

Knight Frank, a leading independent global property consultancy, was selected as a key advisor by Abu Dhabi National Hotels (ADNH) for the acquisition of five hotels from Emaar Hospitality Group in Dubai, UAE.

The Hospitality & Leisure team at Knight Frank were involved throughout the process, advising on the commercial and technical aspects of the bid, as well as acting as the client liaison.

Khalid Anib, CEO, ADNH, spearheaded ADNH’s efforts throughout, supported by a multidisciplinary team covering the technical, financial and legal aspects of the acquisition. The hotels in the portfolio included the Address Boulevard, Address Dubai Mall, Address Dubai Marina, Vida Downtown and Manzil Downtown Dubai.

Ali Manzoor, partner – Hospitality & Leisure, Knight Frank said: “We are proud to have supported ADNH with this landmark transaction, and are pleased to have been involved throughout the bid process. Through our extensive knowledge of the market, we were ultimately able to successfully align the expectations of all parties involved, resulting in a successful financial offer. On a more general level, the process gave us greater insight into the current appetite for prime hospitality real estate in Dubai in light of changing market conditions.” - TradeArabia News Service
 




Tags: abu dhabi | hotels | ADNH | Emaar Hospitality Group |

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