Mubadala and Rosewood Sign Hotel Management Contract
Mubadala, Abu Dhabi’s government investment arm, signed a hotel management contract with Dallas based Rosewood Hotels and Resorts. The contract is for a new business hotel, the Rosewood Abu Dhabi Hotel, which is scheduled to open in 2012. The hotel is set in Sowwah, the core of Abu Dhabi’s new business district.
News agency WAM said the Rosewood Abu Dhabi Hotel will be developed by Mubadala Real Estate and Hospitality in partnership with John Buck International, and managed by Rosewood Hotels and Resorts. It will be 34 stories high with 190 rooms and 140 serviced apartments, and feature an 18,000+ square-foot beauty, wellness, and fitness retreat.
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