Responsible for the development of the southern part of Yas Island, the Miral Group is investing about €3 billion. A Hilton hotel resort has been announced as part of the plan, and should be erected in two years' time.
The real estate manager Miral Asset Management LLC, responsible for the development of the southern section of Yas Island, is investing AED12 billion (€3 billion) in the process. Part of this sum will thus be allocated to the construction of the new Hilton resort.
"We are proud to announce our partnership with Hilton which represents another milestone in our journey to establish Yas Island as a top global destination," B. R. Kiran, Chief Portfolio Officer at Miral, stated. On Hilton's side, Carlos Khneisser, Vice President for Development, Middle-East & North-Africa, added: "Hilton Abu Dhabi Yas Island Resort is indicative of the caliber of project we are looking at for our resort portfolio here in the Middle East."
Apart from the Hilton-branded hotel complex project, numerous developments are planned for the man-made Yas Island, which are to complete the local lodging and entertainment supply. They will, for instance, join the Yas Arena, a concert area with 35,000 seats, the F1 Yas Marina circuit, or the future Warner Bros. theme park.
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