Reem Investments has signed a non-binding letter
of intent with Nobu Hospitality to operate and manage the planned
Nobu Hotel at Najmat, Reem Island, Abu Dhabi.
The development will occupy a prime position on
Najmat Marina and Canal, delivering panoramic views of the Abu
Dhabi skyline.
Guests will have exclusive access to a variety
of destination dining and entertainment facilities in addition to
a Nobu Restaurant, as well as a private beach.
Reem
Investments is the master developer for Najmat, a US$8 billion, 16
million sq ft real estate development on Reem Island, just 300
metres off the coast of Abu Dhabi’s city centre.
“We look forward to establishing a close working partnership with
Nobu Hospitality to create a new focal point for luxury lifestyle
and hospitality in Abu Dhabi,” said Bambang Sugeng Bin Kajairi,
Chief Executive Officer of Reem Investments. “Our partnership
reflects our complete confidence in Najmat which will deliver so
much in terms of benefits for investors, for all the people who
will live and work there, and for Abu Dhabi which joins an elite
selection of Nobu destinations.”
The design will
maximise the waterfront views of the site location, and in
addition to the Nobu Restaurant outlets and facilities will
include a variety of other captivating restaurants and bars, a spa
and gymnasium, private cabanas, retail outlets and full beachfront
service.
The completion of the transaction is
subject to a number of conditions, including the negotiation of
definitive documentation, the finalisation of capital financing
and the final approval of this transaction by the board of
directors of Reem Investments and the shareholders of Nobu
Hospitality.
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