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Aldar, IHG plan to develop hotel projects in Abu Dhabi

ABU DHABI — Aldar Properties and InterContinental Hotels Group (IHG) have signed a Development Agreement detailing a strategic partnership between the two companies which will result in the development of a number of new IHG branded hotels in Abu Dhabi.

Three separate management contracts were also signed between the parties, at a ceremony held in Abu Dhabi.

Initially, a Crowne Plaza with 430 rooms and apartments and Abu Dhabi's first Staybridge Suites hotel will be developed with 165 suites providing superb extended stay facilities. Both hotels will be located in the heart of ALDAR's YAS Island development with close proximity to the racetrack, links golf course and the island's world-class theme parks including the Ferrari Theme Park, and the Warner Brothers Theme Park. The hotels will commence development shortly and are scheduled to open in 2009.

A contract was also signed relating to the development of a spectacular new InterContinental hotel at the Al Dana precinct at Aldar's Al Raha Beach development. The hotel will provide world-class accommodation and facilities in an unrivalled waterfront location and will include over 300 rooms and suites along with a stunning conference facility and is scheduled to open in 2011.

"Aldar are looking forward to a long and successful relationship with IHG, whose brands fit very well with Aldar Hotels & Hospitality's strategic aim of partnering leading brands and operators in our exceptional locations," said Paul Bell, MD of Aldar Hotels & Hospitality. Aldar Hotels and Hospitality is poised to play a major role in the development of Abu Dhabi's hotel and hospitality sector.