Ras Al Khaimah’s Cove Rotana Resort acquired by SKH family office

Ras Al Khaimah’s Cove Rotana Resort has been acquired by SKH Family Office from Orascom Development Holding following the completion of all contractual, financial and regulatory requirements, the group announced on Tuesday.

The transaction was executed through Cove Holding Limited, a subsidiary of SKH Family Office registered with Abu Dhabi Global Market. SKH Family Office itself is registered with the Dubai International Financial Centre (DIFC).

The acquisition forms part of the family office’s strategy to expand its investment portfolio in the luxury hospitality sector and enhance the operational value of tourism assets in the UAE.

The Cove Rotana Resort is one of Ras Al Khaimah’s established beachfront properties is expected to undergo a development programme in the next phase.

Planned upgrades will focus on guest experience, facilities and sustainability initiatives.

Rotana will continue to manage and operate the resort under a renewed hotel management agreement, ensuring continuity of operations and service standards.

Saqr Kamal Hassan, founder and chairman of SKH Family Office, said: “The completion of this acquisition represents an important strategic milestone in SKH Family Office’s journey to build and develop high-value hospitality assets in the United Arab Emirates. The Cove Rotana Resort is a distinguished asset, offering a unique location, exceptional character, and promising growth potential.”

“Our vision is to elevate the resort into a leading destination for leisure and family tourism experiences in the Emirate of Ras Al Khaimah, in line with the Emirate’s ambitious development plans and the national tourism strategy,” he added.