Dubai conglomerate Al Habtoor Group has acquired UK Hilton Hotel Wembley.
The purchase brings the total number of hotels in Al Habtoor Investment's international property portfolio to six. In December 2015 Al Habtoor said he had allocated around $600 million for overseas investments in 2016. (As DubaiBeat.com reported earlier, the groups was looking to buy hotels across Europe).
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More details follows
Khalaf Ahmad Al Habtoor, Chairman, Al Habtoor Group said today that he has purchased the Hilton London Wembley in a move to boost the Al Habtoor Group 's International hospitality portfolio.
Khalaf Ahmad Al Habtoor said, "I am delighted with the addition of the Hilton London Wembley. I have been looking at the London market for some time. The hotel is in an ideal location. It is close to the iconic Wembley Stadium, Heathrow Airport and the centre of London."
The contemporary hotel, which first opened in 2012, boasts 361 rooms and suites, an indoor swimming pool, fitness centre complete with sauna and steam rooms. It features a variety of food and beverage outlets catering to the needs of hotel guests and outside customers. This includes the Icons Bar, Grill & Terrace, The Associations Restaurant, which services British cuisine in a modern setting, and the Sky Bar 9, a roof top bar.
The Hilton London Wembley is an ideal location for meetings, conferences, exhibitions and events. The Grand Ballroom boasts 693 sqm of space and can host up to 700 people. There are a further 10 meeting rooms which offer versatile meeting spaces.
The hotel benefits significantly from its proximity to Wembley Stadium, the SSE Arena (London's second-largest indoor events space), and the London Designer Outlet. It also benefits from a strategic location; right next to great transport links allowing guests to reach central London in minutes.
The Hilton Hotel Wembley overlooks the National Stadium in the heart of Wembley Park, an 85-acre regeneration project involving the development of large-scale retail, residential, offices and entertainment facilities.
The purchase brings the total number of hotels in Al Habtoor Investment's - part of the Al Habtoor Group - international property portfolio to six. The Group has two Hilton-branded hotels in Lebanon (Hilton Beirut Habtoor Grand Hotel, Hilton Beirut Metropolitan Palace), one in the United States (President Abraham Lincoln Springfield - a DoubleTree by Hilton Hotel). In addition the Group has two five-star hotels in Hungary (InterContinental Hotel Budapest, Elizabeth Park Hotel, Budapest, A Ritz-Carlton Partner Hotel).
In December 2015 Al Habtoor said he had allocated AED 2 billion for overseas investments in 2016. The Al Habtoor Group has been expanding its hospitality both internationally and locally over the past few years. The Group's Dubai assets include the Habtoor Grand Beach Resort & Spa, Autograph Collection; the Waldorf Astoria Dubai Palm Jumeirah. It recently opened the first hotel in the much-anticipated Al Habtoor City complex - The St. Regis Dubai. Two more hotels within the multi-use development will open in the coming months (W Dubai - Al Habtoor City, and The Westin Dubai, Al Habtoor City).
In addition, the Al Habtoor Group is developing a large-scale project in DubaiLand - The Al Habtoor Polo Resort & Club, which will see a St. Regis as the centrepiece. It is also in the process of developing a new Metropolitan Hotel on Sheikh Zayed Road.
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