MUBADALA REAL ESTATE & HOSPITALITY AND ROSEWOOD HOTELS & RESORTS ANNOUNCE ROSEWOOD ABU DHABI AT SOWWAH SQUARE

LUXURY BUSINESS HOTEL TO BE LOCATED ON SOWWAH ISLAND IN ABU DHABI'S CENTRAL BUSINESS DISTRICT

PAGE REPORT
Apr 20 - 26, 2009

Abu Dhabi, UAE Mubadala Development Company ('Mubadala') and Rosewood Hotels & Resorts have announced the signing of a management contract for a new business hotel on Sowwah Island, the core of Abu Dhabi's new Central Business District (CBD), which will be developed by Mubadala Real Estate & Hospitality in partnership with John Buck International and managed by Rosewood Hotels & Resorts.

Opening in early 2012, Rosewood Abu Dhabi will be a 34-story hotel offering approximately 190 spacious guest rooms and suites and approximately 140 serviced residences, all with access to Rosewood's world-class services. Guests will enjoy extensive amenities, retail and a variety of signature and all day dining offerings. The hotel will also feature Sense, A Rosewood Spa-, an 18,000+ square-foot beauty, wellness and fitness retreat. Mubadala Real Estate & Hospitality will be unveiling the design to the public at Cityscape Abu Dhabi on 19th April.

John Thomas, Executive Director of Mubadala Real Estate & Hospitality, comments "We are proud to partner with Rosewood Hotels & Resorts and delighted they have recognized Sowwah Island's prime location and selected it as the site of their flagship UAE property. This 5-star hotel and serviced residence complex will be the perfect complement to Abu Dhabi's new Central Business District, offering premium short and long-term accommodation for leisure travelers and the business community. We are confident that Rosewood Abu Dhabi will be warmly embraced by Abu Dhabi's community, thanks to its world-class restaurants and retail, central location, stunning design and sweeping views of the Abu Dhabi skyline."

Mr John M Scott III, President and CEO of Rosewood Hotels and Resorts, stated "We are delighted to announce our first project in Abu Dhabi and to be partnering with Mubadala on this stunning project. The location of Rosewood Abu Dhabi on Sowwah Island, in the very heart of the new Central Business District, supports our strategy of positioning Rosewood properties in key business and leisure destinations around the world. The dramatic architecture of Rosewood Abu Dhabi complements the prime waterfront location, while the hotel's interiors, accommodation, dining and amenities will provide a luxurious haven for business and leisure travellers in Abu Dhabi's dynamic new commercial district. We look forward to extending the famed Rosewood hospitality to all our guests when we open in 2012."

Rosewood Abu Dhabi will be located on Sowwah Island, the core of Abu Dhabi's new Central Business District as designated by the Urban Planning Council's Plan Abu Dhabi 2030, between the prestigious commercial development Sowwah Square and Cleveland Clinic Abu Dhabi.

The hotel is designed by renowned architect Handel Architects, and encompasses A Sense of PlaceĈ, the philosophy of having each property reflect the culture, history and geography of the city in which it exists.