RAK National Hotels increases portfolio with acquisition of Marjan Island Resort & Spa

 

Transaction marks the increase in RAKNH’s investment in Al Marjan Island, following the announcement of the group’s joint venture stake in the highly anticipated Wynn Resort Al Marjan

 
August 29, 2023 Business
 

RAK National Hotels increases portfolio with acquisition of Marjan Island Resort & Spa
 

RAK National Hotels LLC (RAKNH), a subsidiary of RAK Hospitality Holding LLC (RAKHH), has added Marjan Island Resort & Spa from Manazil Group to its portfolio of hospitality and leisure assets.

The property is currently operated by Accor Group and will be rebranded as a Pullman, the company’s premium hotel brand.

Alison Grinnell, CEO of RAK Hospitality Holding commented,“The acquisition of Marjan Island Resort & Spa underscores our continued investment in Ras Al Khaimah and recognizes the huge opportunities in the Emirate as it positions itself as an international leisure destination. The property is ideally located to capitalise on these opportunities, and working with our partner Accor, we believe we can transform the property into a unique destination for tourists.”

 Abdul Mohsen Al Hammadi, Chairman and CEO of Manazil Group said: After being one of the first properties to open on Al Marjan Island back in 2014, Marjan Island Resort & Spa became a stepping stone for our Group to enter into the hotel business and open four more hotels managed by Accor within the UAE, namely Movenpick, Novotel and Adagio in Jumeriah Village Triangle, and Pullman Sharjah.”

Paul Stevens, COO Premium, Midscale & Economy Division for Middle East & Africa at Accor said: “We are very pleased to continue our strategic partnership with RAK Hospitality Holding, a collaboration which embodies our commitment to delivering unparalleled guest experiences and fostering innovation within the hospitality industry. Together, we look forward to creating memorable moments for our valued guests visiting Ras Al Khaimah.”

Opened in 2014, the five-star Marjan Island Resort & Spa features 300 keys, 8 diverse dining options, a host of recreation activities, beach access, a comprehensive spa and unparalleled sea views. Situated on Al Marjan Island, this established staycation destination benefits from significant growth potential as the Emirate continues to roll out progressive development initiatives to increase tourism numbers.

 

RAK National Hotels LLC  Al Marjan Island  Manazil Group  Accor Group  Ras Al Khaimah    

MORE FROM BUILT ENVIRONMENT

Fire and life Safety Experts Reaffirm Commitment to Global Collaboration at the NFPA Conference
Fire and life Safety Experts Reaffirm Commitment to Global Collaboration at the NFPA Conference

Brigadier General Mohamed Abdullah Al-Nuaimi, Civil Defence General at the Ministry of Interior in Abu Dhabi, was re-elected to a second three-year term on the NFPA Board of Directors, reflecting his continued contribution to the organization’s mission

July 16, 2026 USA Business
5 Communities Shaping Abu Dhabi's Residential Market
5 Communities Shaping Abu Dhabi's Residential Market

Luxury property advisory points to ADGM, government-backed master-plans and robust FDI as signs of the capital's long-term investment strength

July 16, 2026 UAE Real Estate
Dubai Helps Build A Life For People To Thrive: A Developer's Perspective
Dubai Helps Build A Life For People To Thrive: A Developer's Perspective

The communities being created today must reflect what the new authority stands for, in every decision made, from the materials chosen to the way communities are designed and the standards they are built to

July 16, 2026 UAE Real Estate
Modon Holding Partners with Nammos to Launch Luxury Destination in Egypt’s $35B Ras El Hekma
Modon Holding Partners with Nammos to Launch Luxury Destination in Egypt’s $35B Ras El Hekma

According to developers, the new project will bring together a signature luxury resort, branded private residences, a curated retail village, premium wellness facilities, and the globally famous Nammos Restaurant & Beach Club

July 16, 2026 Egypt Business
Emrill's New Central Warehouse to Aid Operational Efficiency Notes CEO Stuart Harrison
Emrill's New Central Warehouse to Aid Operational Efficiency Notes CEO Stuart Harrison

The facility has been designed to improve response times, streamline material distribution and strengthen inventory management processes

July 14, 2026 UAE IFM
Green Horizon Awards Meriden Beach Residences Construction Contract to Strong Walls
Green Horizon Awards Meriden Beach Residences Construction Contract to Strong Walls

The development is located on Island A of Dubai Islands, one of Dubai's most anticipated waterfront destinations

July 14, 2026 UAE Real Estate
Why Robotic Cleaning in High-footfall Environments Sets New Standards for Scale, Safety and Sustainability
Why Robotic Cleaning in High-footfall Environments Sets New Standards for Scale, Safety and Sustainability

The transition from labor-intensive to technology-driven service models is enabling facilities management (FM) providers to raise operational efficiency standards

July 14, 2026 UAE IFM
Facilio ushers in the AI-native era of CMMS
Facilio ushers in the AI-native era of CMMS

New AI-native capabilities automate and simplify FM workflows making facilities operations faster, more accessible, and easier to run.

July 2, 2026
MRI Software Launches Agora Intelligence and Agora Orchestrator
MRI Software Launches Agora Intelligence and Agora Orchestrator

The platform delivers AI-powered recommendations and workflow execution for real estate

June 26, 2026 UAE PropTech
Berkeley Services Awarded EcoVadis Silver Medal, Ranking Among the Top 15% of Companies Assessed Globally
Berkeley Services Awarded EcoVadis Silver Medal, Ranking Among the Top 15% of Companies Assessed Globally

EcoVadis is one of the world's most trusted and widely recognised providers of business sustainability ratings, evaluating more than 150,000 companies across over 185 countries and 250 industries

June 25, 2026 UAE Sustainability
 
Subscribe to our newsletter