RAK Hospitality Holding appoints Alison Grinnell as new

Chief Financial Officer based in Ras Al Khaimah

Chief Financial Officer

RAK Hospitality Holding, an integrated asset owner and manager of leading hospitality investments, announced today the appointment of Alison Grinnell as Chief Financial Officer for the Group. Alison succeeds Leon Kenny who helped set up the finance practice for the holding company since 2014.

Grinnell is an internationally regarded hotels and hospitality consultant, with over 20 years of experience, covering countries across Europe, the United States and Middle East / Africa. During her career, she has advised corporates, Private Equity companies, Sovereign Wealth Funds and high net worth individuals encompassing owners, operators, investors and tourism heads. Outside of work, Alison is an accomplished sportswoman. She is part of the GB Triathlon Age Group team, most recently winning a silver medal in the 2016 World Championships in Mexico.

Yannis Anagnostakis, Chief Executive Officer at RAK Hospitality Holding commented on the new appointment and said: “As our group continues its growth momentum, it was important for us to bring an international expert such as Alison with a proven industry background and a deep knowledge base. We wish Alison all the success in her new role.”

RAK Hospitality Holding has a disciplined investment approach to hospitality and is focused on maximizing returns and unlocking value to investors. Earlier this year, RAKHH’s subsidiary, Hakaya Collection signed a franchise development agreement with American Kona Grill to bring their unique premiere casual dining concept to the UAE. RAK National Hotels (“RAKNH”), also continues to strategically deploy capital into its hotels portfolio, resulting in record RevPAR growth during the year.

About RAK Hospitality Holding (“RAKHH”)

Established in 2014 by the Government of Ras Al Khaimah, RAK Hospitality Holding LLC was formed with a mandate to consolidate and asset manage a diverse portfolio of hotels, hospitality and leisure assets in the emirate of Ras Al Khaimah. RAK Hospitality Holding manages companies that oversee the entire value chain of subsidiaries of the group. Its subsidiaries include; RAK National Hotels; which owns hotel assets ranging from midscale to luxury, and locations ranging from city to beach to desert; namely the Hilton Ras Al Khaimah,

Hilton Resort and Spa, Rixos Bab Al Bahr, Banyan Tree Al Wadi, RAK Hospitality Asset Management; the asset management and development advisory arm, RAK Hospitality Logistics; the provider of services and logistics to Ras Al Khaimah’s hospitality sector, Hakaya Collection; the operating arm of hospitality and leisure assets. For more information, please visit: www.rakhospitalityholding.com

Media Contacts:

FTI Consulting
Racha Mhanna
+971 50 828 3532
racha.mhanna@fticonsulting.com