Abu Dhabi National Hotels (ADNH) released its financial results for the first quarter of 2011 showing a 7 percent increase in operating revenues to AED 481.6m and resulting in a net profit of AED 83m.

An increase in the hotel occupancy rates for the first quarter contributed to an excellent performance in the company’s hotel division alongside a strong performance in the company’s catering and transport divisions.

ADNH has said that it looks forward to the completion of the construction of both the Ritz Carlton Abu Dhabi, Grand Canal development as well as the Park Hyatt Abu Dhabi Hotel and Villas development on Saadiyat Island.

 

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