Aldar buys Ras Al Khaimah’s DoubleTree by Hilton resort in $220m deal

Aldar Properties, Abu Dhabi’s biggest developer, has bought Ras Al Khaimah’s DoubleTree by Hilton Resort and Spa Marjan Island, as well as an adjacent beachfront development plot for Dh810 million ($220.55m), as it expands its hospitality and leisure investment portfolio in the UAE.

The acquisition, which was made by the developer’s subsidiary, Aldar Investment, has added more than 4,250 rooms to its hospitality and leisure portfolio,…