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Mubadala announces KOR hotel management and its Viceroy hotels, resorts & residences as luxury hotel

Mubadala Real Estate & Hospitality today announced Kor Hotel Management, owner of Viceroy Hotels, Resorts & Residences, as the hotel operator of a five-star luxury hotel on Sowwah Island, the core of Abu Dhabi’s new Central Business District as designated by the Urban Planning Council in its visionary Plan Abu Dhabi 2030.

18 April 2009

Mubadala Real Estate & Hospitality today announced Kor Hotel Management, owner of Viceroy Hotels, Resorts & Residences, as the hotel operator of a five-star luxury hotel on Sowwah Island, the core of Abu Dhabi’s new Central Business District as designated by the Urban Planning Council in its visionary Plan Abu Dhabi 2030.

Viceroy Abu Dhabi will be a deluxe business hotel comprising up to 250 hotel guest rooms and suites, as well as branded residences. Guests and visitors will enjoy signature Viceroy amenities such as rooftop dining venues, poolside lounge, a world-class spa and destination food and beverage offerings. The hotel is currently in its preliminary design phase, with its initial concept being displayed by Mubadala Real Estate & Hospitality at Cityscape Abu Dhabi.

John Thomas, Executive Director of Mubadala Real Estate & Hospitality, comments, “We are delighted that Viceroy’s flagship Middle Eastern hotel will be on Sowwah Island in the heart of Abu Dhabi’s new CBD.” He continued, “The central location of this landmark hotel combined with Viceroy’s signature blend of premium service, innovative design and acclaimed restaurants will make this a stylish destination for business and leisure travellers visiting this vital city district.”

Viceroy Abu Dhabi on Sowwah Island is the first Viceroy Hotel planned for the region and follows Mubadala’s acquisition of a 50% stake in Kor Hotel Management in July 2008. This acquisition was part of Mubadala’s strategy to help diversify the hospitality sector of the Abu Dhabi economy and support the tourism ambitions of the Emirate.

Viceroy Abu Dhabi will be located adjacent to Sowwah Square - the premium commercial development that will soon be home to the Abu Dhabi Securities Exchange and major commercial and financial institutions. When complete, Sowwah Square will comprise over 450,000 square metres of Grade ‘A’ office, hotel and retail amenities, with a daily working population of over 15,000 people.

Sowwah Square is located on the waterfront at the centre of Sowwah Island. As with many of the world’s leading city centres, Sowwah Island will be a dynamic 24-hour district focused on commerce by day, transforming into a dining, leisure and entertainment precinct at night.