Arab backing secured by Aquis Hotels
New eastern Mediterranean upmarket hotel chain Aquis Hotels and Resorts has attracted significant new funding from Abu Dhabi.
It is believed that a multi-million pound capital injection is being made into the company.
Sheikh Tahnoon Bin Saeed Al Nahayan, a member of the UAE state’s royal family, has been named as chairman of Aquis.
He takes the place of David Howell, executive chairman of luxury operator Western & Oriental, who becomes vice-chairman of Aquis.
The company, set up in August with five properties in Greece, plans to expand to 30 hotels in three years including moves into Turkey and Egypt.
Abu Dhabi is known as a major investor in hotels worldwide including the UK, so the involvement of Nahayan is being seen as a major coup by Aquis at a time of global economic uncertainty.
The company’s first hotels are in the Greek islands, with the three in Corfu and one in Kos becoming operational in time for summer 2009.
by Phil Davies
Phil Davies
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments