The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, one of the region’s largest holding companies, has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel.
The announcement comes in line with ADNEC’s long term investment strategy, aimed at diversifying its business across the Group and achieving optimal integration of its assets through diversified economic sectors.
The addition brings ADNEC’s total portfolio of hotels to six, with other hotels under management including the Aloft Abu Dhabi, Andaz Capital Gate, Abu Dhabi, the Anantara Sir Bani Yas Island Abu Dhabi, and the Qasr Al Sarab Desert Resort by Anantara in the UAE. It also owns the Aloft London ExCel.
Humaid Matar Al Dhaheri, managing director and group CEO of the ADNEC, commented: “ADNEC is proud to welcome the DoubleTree By Hilton London ExCel to our portfolio. This acquisition reinforces our commitment to sustain the development of local communities alongside bolstering the relationship between the public and private sector. ExCeL London, and the ecosystem of hotels and hospitality outlets which exist around it, has strong growth potential over coming years: potential which we want to strengthen as much as possible.
Jeremy Rees, CEO at ExCeL London, the neighbouring international exhibition hub, stated: “This acquisition comes in line with ADNEC Group’s long-standing commitment to leverage its world-class facilities to create exceptional guest experiences and supports ExCeL in providing a seamless experience to our visitors and exhibitors. We have seen the commitment of Abu Dhabi and ADNEC towards the events sector through generating jobs and driving economic impact for London.”
Alex Pritchard, co-founder and co-CEO of Axiom Hospitality, who will oversee the management of the hotel, said: “We are delighted to be working with ADNEC and the DoubleTree By Hilton Hotel London ExCel on our first project together. The DoubleTree By Hilton Hotel London ExCel is a strong quality asset in a strategically important location. The Axiom Hospitality team is excited to be involved in this high-profile transaction and excellent asset.”.
ADNEC’s new investment comes as a part of a long-term strategy that started in 2008 through acquiring ExCeL London. It kicked-off the expansion construction to add 35,000sqm of event space, including London’s International Convention Centre (ICC), with Europe’s largest auditorium, 17 additional meetings rooms, and breakout and banquet space.
The DoubleTree By Hilton London ExCel is situated directly adjacent to the London’s pre-eminent exhibition centre, ExCeL London, which is also under the ownership of ADNEC Group. Situated on the banks of the Royal Dock, near Canary Wharf, the nine-floor hotel, built in 2011, contains 287 keys and contains a range of dining and leisure outlets for guests.
