Al Habtoor Group denies link, relationship with Al Habtoor Trading Enterprises
Official statement: denial comes amid speculations of acquisition of Leela Group of Hotels in India
Al Habtoor Group in an official statement said that the Group and all its divisions, including Habtoor Hospitality (Habtoor Hotels) have no link or relationship of any kind with Al Habtoor Trading Enterprises (HTE) and its owner Rashid Al Habtoor.
In an official statement released to the media, Al Habtoor Group has denied any link or relationship with Al Habtoor Trading Enterprises “amid speculations of acquisition of Leela Group of Hotels in India.”
The denial follows reports in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al Habtoor, founder and owner of Al Habtoor Trading Enterprises, the statement said.
A spokesperson for Al Habtoor Group said: “We feel obligated to clarify that Al Habtoor Group in all its divisions and Al Habtoor Trading Enterprises are two separate entities. Habtoor Hospitality, commonly known as Habtoor Hotels, is owned solely by Al Habtoor Group in the UAE and overseas.”
“We want to clarify to anyone that might have the impression that the two entities are linked, that they are not in any way connected. Any actions or business decisions taken by Al Habtoor Trading Enterprises or any of their associates are their sole responsibility, and Al Habtoor Group is not liable under any circumstance for any damages or liabilities arising directly or indirectly from Al Habtoor Trading Enterprises business ventures.”
Habtoor Hospitality owns and operates 14 hotels in total, seven of which are in the UAE.