Uniquely Located on Abu Dhabi’s Corniche,The St. Regis Abu Dhabi will be within the Nation Towers Development

ICT TO HAVE ST.REGIS HOTEL AT NATION TOWERS

Uniquely Located on Abu Dhabi’s Corniche,The St. Regis Abu Dhabi will be within the Nation Towers Development

Abu Dhabi – [17] April 2010 – International Capital Trading announced that its luxury development on the Corniche Nation Towers will have a St Regis Hotel. The news comes as the construction of the two towers is gathering pace.

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has extended its development pipeline in the Arabian Gulf with the announcement of a second St. Regis hotel in the capital of the United Arab Emirates.

The St. Regis Abu Dhabi, will be located on the Corniche in downtown Abu Dhabi as part of the Nation Towers mixed-use development. Located at the top of one of the towers beginning at the 33rd floor, the hotel will feature 281 luxurious guest rooms, including 56 suites, signature restaurants, a connecting bridge restaurant, more than 4,800 square meters of ultra modern meeting and event space and over 3,000 square meters of dedicated health club with an outdoor swimming pool. Guests will also enjoy a beach club adjacent to the hotel which will also be operated by Starwood.

Owned by International Capital Trading, The St. Regis Abu Dhabi will dominate the Abu Dhabi waterfront offering extensive views over the Gulf in a location that is both central to the business district and directly on the Corniche. Located just a short drive from the recently opened F1 circuit, Ferrari museum, Gary Player-designed golf course and the Louvre, Guggenheim and Maritime museums, The St. Regis Abu Dhabi will provide an entrance into a captivating world of opulence offering a unique expression of its location.

The St. Regis Abu Dhabi is Starwood’s fifth project currently in development in the Middle East, including The St. Regis Doha, The St. Regis Bahrain, The St. Regis Hotel & Residences Dubai, and The St. Regis Hotel & Residences Sa’adiyat Island, the latter representing the brand’s resort debut in Abu Dhabi.

Mr Hamad Abdulla Al Shamsi, Chief Executive Officer of ICT said “ ICT is proud to partner with the St Regis brand for its flagship development on the Corniche of Abu Dhabi. The signing marks another milestone for ICT who announced last year the award of the construction contract for the project. The combination of ICT’s prime location Nation Towers development together with the world class St Regis brand will provide arguably an unique luxury hospitality experience in Abu Dhabi”

“The announcement of our second St. Regis in Abu Dhabi is another sign of Starwood’s commitment to developing its brands in the key destinations of the Middle East, where customized service is an integral part of the culture of hospitality,” said Roeland Vos, President of Starwood Hotels & Resorts in Europe, Africa and Middle East. “We are honored to build on our existing relationships in Abu Dhabi and we are confident that this project will be another prestigious addition to our portfolios of luxury hotels.”


Guests of The St. Regis Abu Dhabi will enjoy uncompromising personal care by the legendary St. Regis Butler Service. Available around the clock, St. Regis butlers take pride in attending to every detail and specification.

As the market leader in the region, Starwood currently operates more than 45 hotels throughout the Middle East with more than 20 projects in development.

About International Capital Trading
ICT is a private investment company based in Abu Dhabi. Its business activities include owning, developing and managing real estate as well as investing in a wide range of asset classes, ranging from equities and funds to direct investments and real estate.
For additional information please visit www.ict.ae.

About St. Regis Hotels & Resorts
Combining classic sophistication and modern luxury, the St. Regis brand remains faithful to its commitment to excellence. Founded by John Jacob Astor IV, with the opening of the first St. Regis Hotel in New York City over a century ago, The St. Regis brand of hotels is known for its unique luxury dimension, customized service and refined elegance in the best destinations worldwide. Plans for the brand to globally continue its legacy include long-awaited St. Regis properties in Bahia Beach, Puerto Rico, Bal Harbour, Deer Crest and Hawaii in the US and on the exclusive island of Bermuda. In Latin America, St. Regis will unveil new hotels and resorts in Buenos Aires and Kanai Riviera. In Asia, St. Regis has also announced plans to open properties in Bangkok, Chengdu, Kuala Lumpur, Lhasa, Nanjing, Osaka, Sanya Yalong Bay and Tianjin. In Africa and the Middle East, the St. Regis brand will continue to expand in Abu Dhabi, Dubai, Doha, Cairo and Mauritius. The distinctive trait of the St. Regis experience is customized service and attention to detail, coveted locations, and luxurious design. For more information on St. Regis Hotels & Resorts please visit www.stregis.com.

About Starwood Hotels & Resorts Worldwide
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 982 properties in more than 100 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, and the recently launched Aloft®, and Element SM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.