Aldar Properties has sold the Abu Dhabi Golf Club Complex and Westin Hotel for AED 180 million as part of its strategy to optimize asset management and reinvest in growth opportunities.

Target Information

Aldar Properties has finalized the sale of the Abu Dhabi Golf Club Complex, which encompasses the Westin Hotel and the prestigious Abu Dhabi Golf Course, to a financial investor for a total of AED 180 million. This transaction marks a 13% increase over the initial entry price and aligns with Aldar's strategic initiative to optimize asset management by pursuing profitable divestments while reallocating capital into growth opportunities.

The complex features a luxurious five-star hotel, the Westin Abu Dhabi Golf Resort and Spa, boasting 172 rooms, several high-end dining options, expansive conference facilities, and additional amenities including two swimming pools and a state-of-the-art spa. It was established in 2011 and operates under a management agreement with Marriott International. The Abu Dhabi Golf Club, inaugurated in 2000, hosts an 18-hole championship course and integrates around 500 square meters designated for potential residential development.

Industry Overview

The hospitality and tourism sector in Abu Dhabi has shown resilience despite recent challenges faced due to the COVID-19 pandemic. As a prominent destination for luxury travel and high-profile events, the emirate is gradually recoveri