RAK National Accommodations LLC (RAKNH) has added the 300-key Marjan Island Resort & Spa from Manazil Workers to its portfolio of hospitality and leisure resources.
Led by James Wrenn, executive director of Capital Markets in MENA, Colliers orchestrated basically the latest sale of the 300-key Hotel Marjan Island Resort & Spa to RAK National Accommodations (RAKNH), phase of RAK Hospitality Maintaining (RAKHH), on behalf of Manazil Workers.
Colliers performed a key role on this acquisition, which aligns seamlessly with Ras Al Khaimah’s vision for elevated tourism experiences.
The acquisition provides extra scale to RAKNH’s portfolio and underlines its funding on Al Marjan Island, especially following RAKHH’s announcement of the community’s joint venture stake within the highly anticipated Wynn Al Marjan Island. The property is at define operated by Accor Workers and may presumably well merely be rebranded as Pullman, the firm’s top rate resort save.
Opened in 2014, the 5-star Marjan Island Resort & Spa parts 300 keys, eight various dining choices, a bunch of sport actions, beach access, a comprehensive spa and unparalleled sea views. Positioned on Al Marjan Island, this established staycation destination advantages from primary improve attainable, as the emirate continues to roll out progressive pattern initiatives to amplify tourism numbers.
Alison Grinnell, CEO of RAK Hospitality Maintaining, commented: “The acquisition of Marjan Island Resort & Spa underscores our persisted funding in Ras Al Khaimah and acknowledges the grand alternatives within the emirate as it positions itself as an world leisure destination. The property is ideally located to capitalize on these alternatives, and by working with our accomplice Accor, we imagine we can transform the property into a unfamiliar destination for vacationers.”
Abdul Mohsen Al Hammadi, chairman and CEO of Manazil Workers, said: “After being one of many first properties to originate on Al Marjan Island assist in 2014, Marjan Island Resort & Spa grew to alter into a steppingstone for our community to enter into the resort industry and originate four extra motels managed by Accor inner the UAE, particularly Movenpick, Novotel and Adagio in Jumeirah Village Triangle, and Pullman Sharjah.”
Ras Al Khaimah’s tourism sector has been experiencing a predominant duration of improve, with a mess of latest motels, sights and upgraded historical sites cementing the emirate’s put as the flow-to destination for adventure, rest and culture.
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