The Abu Dhabi National Exhibition Corporation (ADNEC) is part of ADQ, one of the largest holding companies in the region, and has added a new hotel to its portfolio: DoubleTreeBy Hilton London ExCel.
The announcement is in line with ADNEC’s long-term investment strategy, which aims to achieve the diversification of the entire group’s business and achieve the best integration of assets through diversified economic fields. In view of ADNEC’s extensive experience and capabilities in the entire hotel industry, this decision will further support the business and leisure tourism industry in the UAE and the United Kingdom, as well as the development of the local community around the hotel.
This increase brings the total number of hotel portfolios of ADNEC to 6, and other hotels under management include Aloft Abu Dhabi, Andaz Capital Gate Hotel, Sir Anantara Abu Dhabi, Baniyas Island, Abu Dhabi Than Hotel and Qasr Al Sarab Desert Resort in Anantara, UAE. It also owns Aloft London ExCel.
Humaid Matar Al Dhaheri, Managing Director and Group Chief Executive Officer of Abu Dhabi National Exhibition Corporation commented: “ADNEC is honored to welcome DoubleTreeBy Hilton London ExCel to our portfolio. ADNEC has a long-term holding in identifying and acquiring key assets in developed markets Investor’s view. Therefore, this acquisition strengthens the competitiveness of the group, increases the direct and indirect economic contribution of the hotel and hospitality industry to the UK economy, and further strengthens the business tourism sector of both countries. This acquisition strengthens us. Commitment to maintaining the development of local communities and strengthening the relationship between the public and private sectors.
“We have a long track record of overseeing successful hotel assets and will bring the same strategies and insights to ensure the continued commercial success of this hotel. ExCeL London and the ecosystem of surrounding hotels and hotel outlets will have Strong growth potential: We want to strengthen this potential as much as possible. With this new member, we will help support the further diversification of our sources of income and reduce the risk of global market fluctuations.”
Commented by Jeremy Rees, CEO of ExCeL London: “This acquisition is in line with the ADNEC Group’s long-term commitment to use its world-class facilities to create a superior guest experience, and support ExCeL to provide a seamless experience for our visitors and exhibitors. We have seen Abu Dhabi and ADNEC pass through for London A commitment to the activity sector to create jobs and promote economic impact. We believe that the addition of this new hotel will further consolidate ExCeL’s broader competitive offerings, in line with ADNEC’s broader global growth strategy.”
Alex Pritchard, co-founder and co-CEO of Axiom Hospitality, who will oversee the management of the hotel, commented: “We are delighted to collaborate with ADNEC and DoubleTreeBy Hilton Hotel London ExCel on our first project. DoubleTreeBy Hilton Hotel London ExCel The addition will expand our hotel portfolio in London to six assets. DoubleTreeBy Hilton Hotel London ExCel is a high-quality asset located in a strategically important location. The Axiom Hospitality team is pleased to participate in this high-profile transaction and outstanding assets.”
This acquisition is the latest major development in the hotel business of the ADNEC Group. This move represents the company’s long-term vision, but also represents the company is ready to lead the recovery phase after the pandemic. The transfer of the hotel to ADNEC will take effect immediately.
ADNEC’s new investment is part of a long-term strategy that began in 2008 through the acquisition of ExCeL London. It launched an expansion project, adding 35,000 square meters of event space, including the London International Conference Centre (ICC), Europe’s largest auditorium (4,500 seats), 17 additional meeting rooms, and group discussion and banquet space. In 2011, ADNEC announced the opening of the Aloft London Hotel, which was the first hotel owned by the group in the UK.
DoubleTreeBy Hilton London ExCelis is close to ExCeL London, a famous exhibition center in London, which is also owned by ADNEC Group. This nine-story hotel was built in 2011 and has 287 keys. The hotel is located on the shore of the Royal Wharf, close to Canary Wharf, providing guests with a variety of dining and leisure options.