In a landmark agreement, SKH Private Family Office and Rotana have unveiled a Dh500 million investment plan to acquire and redevelop The Cove Rotana Resort in Ras Al Khaimah. The partnership, formalized on December 1, 2025, will see SKH Private Family Office spearhead the property’s comprehensive transformation, while Rotana resumes full management and operations for the next 15 years. This collaboration marks a significant milestone for one of the UAE’s most iconic hospitality destinations, reflecting both parties’ confidence in the region’s thriving tourism and investment potential. The signing ceremony, attended by industry leaders, was facilitated by Rasmala Investment Bank, which acted as the financial advisor. Rotana will oversee the resort’s operations, commercial performance, and guest experience, ensuring brand consistency and exceptional value. The investment includes the renovation of guest rooms, villas, restaurants, and leisure facilities, alongside architectural upgrades and the addition of sea-view towers. The project aligns with Ras Al Khaimah’s tourism strategy, which aims to attract 3.5 million visitors by 2030. Philip Barnes, CEO of Rotana, emphasized the resort’s potential to embody the spirit of Ras Al Khaimah and the Rotana brand, while Saqr Kamal Hasan, Founder and Chairman of SKH Private Family Office, highlighted the partnership’s focus on sustainability and regional authenticity. This initiative underscores the UAE’s position as a hub for visionary hospitality developments.
SKH Private Family Office signs hotel management agreement with Rotana for The Cove Resort
