Fairmont-Hotels

Abu Dhabi’s NIC secures Dhs950m loan to finance Fairmont complex

: Wednesday, April 23 - 2014 @ 13:14

Abu Dhabi’s National Investment Corp (NIC) has secured a Dhs950m loan from Abu Dhabi Commercial Bank (ADCB) to finance a new Fairmont Hotel complex in the UAE capital city, Gulf News has reported. To be managed by Canada’s Fairmont Hotels and Resorts, the new property will encompass a 45-floor twin-tower structure that will accommodate a five-star hotel and residential apartments located on the Abu Dhabi breakwater, close to Marina Mall.

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Wednesday, April 23- 2014 @ 13:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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