In recognition of his contribution to the hospitality market, Adeeb Ahamed, managing director, Twenty14 Holdings, was presented the Hurun Industry Achievement Award in Hospitality & Retail Real Estate 2017.
Established as a analysis unit in 1999, Hurun Report Inc has grown into a top publishing group, whose yearly wealthy list is extensively recognised as the foremost authority in tracking the speedy modifications amongst higher net worth folks worldwide.
Ahamed has produced a mark for himself on the international level, engaged in different sectors such as hospitality, organised retail and economic solutions. Twenty14 Holdings, the hospitality arm of Abu Dhabi-primarily based conglomerate Lulu Group International, led by Ahamed was founded in 2014 to capitalise on the development in the international hospitality market. The organization presently has assets worth a lot more than US$650m spread across the UK, Middle East and India.
In India, the group marked its entry into the hospitality sector with the acquisition of a hotel in Kochi in 2015, which is below renovation. Since then, Twenty14 Holdings has invested in two other properties in Bengaluru, that are below different stages of improvement. With the very first phase of improvement currently underway in Kerala and Karnataka, the group is on the lookout for investment alternatives in other significant cities across India.
Twenty14 Holdings lately acquired the Waldorf Astoria Edinburgh – The Caledonian in Scotland for US$120mn and has also produced a £110mn agreement with home developer Galliard Homes to develop a luxurious 5-star hotel at 1-five Great Scotland Yard, the former headquarters of London’s Metropolitan Police. The firm co-owns the landmark Sheraton Oman Hotel in Muscat and owns the Steigenberger Hotel Business Bay in Dubai and 3 properties in India.
Other winners have been Abhishek Lodha of Lodha Developers, Niranjan Hiranandani of Hiranandani Developers, Irfan Razak of Prestige Group, and so on.
Information Source: Muscat Daily