The opening of the Hilton Garden Inn (previously known as Hilton Ras Al Khaimah) marked RAK Government’s entry into the hotel investments field and laid the foundation for future developments in the Emirate’s tourism infrastructure. Hilton’s endorsement put Ras Al Khaimah on the global map for the first time and allowed the development of cross border relations between Ras Al Khaimah’s asset owners and international operators to explore various types of hospitality related investment opportunities. Another iconic Hilton property in Ras Al Khaimah, the Hilton Ras Al Khaimah Resort and Spa, succeeded in positioning the Emirate as an emerging destination and confirmed the trust of an international brand name, such as the Hilton, solidifying the Emirate’s growth prospect. The Al Wadi Desert, Ras Al Khaimah, a Ritz-Carlton Partner Hotel which will become The Ritz-Carlton Ras Al Khaimah, Al Wadi Desert in Q4 2017 was (previously known as Banyan Tree Al Wadi), marked the entry of one of the most exclusive desert resorts to the Middle East. Located within the borders of a serene Natural Reserve, it is considered as the crown jewel of Ras Al Khaimah’s hotel sector. The establishment of RAK National Hotels was for the purpose of acquiring and consolidating ownership of hotels and resorts under the control of RAK Government affiliates, re-affirming the Ras Al Khaimah’s Government’s ‘long’ position in the sector. The first Ultra All Inclusive Resort in the region was introduced, occupying 3 grand, pyramidal towers overlooking the Persian Gulf. The hotel, has since, managed to attract a large number of international guests. The success of RAK National Hotels and the clarity of its growth path prompted the formation of RAK Hospitality Holding, which was established with a view to consolidate RAK Government owned hospitality assets and to introduce complementary hospitality services such as logistics, asset management, restaurants and leisure. RAK Hospitality Group LLC, an entity founded by the RAK Tourism and Development Authority was renamed to RAK Leisure and transferred under RAK Hospitality Holding as it fit more within the proposition of the new company. RAK Leisure’s commercial activities are solely focused on dining & entertainment, leisure operations, hospitality services as well as leasing and facility management at RAK’s Corniche Al Qawasim. RAK Leisure is devoted to enhancing the lifestyles of Ras Al Khaimah’s residents and visitors by supporting the development of leisure venues that further strengthen the appeal of ‘Destination Ras Al Khaimah’. RAK National Hotels concluded its first debt refinancing deal of AED 880 million which, together with a capital raise, funded the refinancing of its debt, the acquisition of the Rixos Bab Al Bahr and Banyan Tree Al Wadi and the financing of extensive refurbishment projects. In an effort to provide curated destination management services to Ras Al Khaimah’s hospitality sector, Safarak meaning ‘Your Travel’ in Arabic, was formed as a luxury transportation and tours services provider. Previously known as the Hilton Ras Al Khaimah (opened in 2001 and is considered a major milestone within Ras Al Khaimah’s tourism sector), the Hilton Garden Inn Ras Al Khaimah opened on 10 May 2017 after an extensive renovation. The property has 240 rooms and marks RAK National Hotels’ entry to the mid-market segment. The Ritz-Carlton will represent the latest addition to the portfolio of companies owned by RAK National Hotels. The entry of the ultra-luxury hotel is expected to be transformational to Ras Al Khaimah’s hospitality offerings and will be supportive of the ever-evolving customer expectations. Featuring elements of state-of-the-art modern design with glass paneled walls and spacious seating areas spanning across 400 sq.m, the establishment of the new office reflects the continued growth and aspirations of the company. The new office sits on the 7th floor of RAK Bank Head Office Building, where it faces the view of the Ras Al Khaimah desert. Marjan, RAK Hospitality Holding and Wynn Resorts have announced a multi-billion dollar integrated resort development on Ras Al Khaimah’s (RAK) Al Marjan Island. The development is the first beach resort being developed by Wynn Resorts globally. The resort will be developed with significant foreign direct investment by Wynn Resorts. As the largest project of its kind in RAK’s growing hospitality sector, it will create substantial value to the local economy by accelerating tourism, creating jobs, and boosting the growth of related sectors. RAK Hospitality Holding sells the 715-key all-inclusive Rixos Bab Al Bahr in Ras Al Khaimah for a total of $209mn to Aldar Properties PJSC (“Aldar”), through its Aldar Investment business.Our Story
A look back into how RAKHH became what it is today.
Opening Of Hilton Garden Inn (Previously Known As Hilton Ras Al Khaimah)
No. of rooms: 240
Opening Of Hilton Ras Al Khaimah Resort And Spa
No. of rooms: 475
Opening Of Al Wadi Desert, Ras Al Khaimah Which Will Become The Ritz-Carlton Ras Al Khaimah, Al Wadi Desert, In Q4 2017 (Previously Known As Banyan Tree Al Wadi)
No. of rooms: 101
Formation Of RAK National Hotels LLC
Opening Of Rixos Bab Al Bahr
No. of rooms: 650
Formation Of RAK Hospitality Holding
Formation Of RAK Leisure
The Conclusion Of The First Debt Refinancing Deal At AED 880 Million
Formation Of Safarak, a leading DMC in Ras Al Khaimah
Opening Of Hilton Garden Inn Ras Al Khaimah
The Ritz Carlton Ras Al Khaimah Al Wadi Desert Succeeded Banyan Tree Al Wadi
RAK Hospitality Holding Inaugurates its New Office Facilities
RAK HH & Marjan partners with Wynn Resorts to develop multi-billion dollar resort
RAK Hospitality Holding confirms Rixos sale to Aldar
