Abu Dhabi’s biggest developer Aldar Properties has expanded its hospitality and leisure portfolio in the UAE with the acquisition of Doubletree by Hilton in Marjan Island and an adjacent beachfront development plot for a total consideration of AED 810 million ($220 million). CBRE provided buy-side deal advisory services.
DoubleTree by Hilton in Al Marjan Island is a 5-star resort under a management agreement with Hilton.
The property,…
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