ITB 2024 Special Reporting
UAE funds Aquis Resorts.
Monday, 24th November 2008
Source : 4Hoteliers.com
Sheikh Tahnoon Bin Saeed Al Nahayan has been named as chairman of the Greek Aquis.

The Sheikhis a member of the UAE state's royal family and he takes the rollover formDavid Howell, executive chairman of luxury operator Western & Oriental, who will become thevice-chairman of Aquis.

The recently establishedMediterranean upmarket hotel chain, with 5 hotels operational, has attracted significant funding from Abu Dhabi, so the involvement of Nahayan is major achievement by Aquis at a time of global economic uncertainty. Sources tell 4Hoteliers.com, thata multi-million pound capital injection is being made into the company.

Abu Dhabi is themajor investor in several hotels worldwide including the UK.

Aquis' expansion plans include the opening of another 30 hotels in the region.

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