In recognition of his contribution to the hospitality industry, Adeeb Ahamed, managing director, Twenty14 Holdings, was presented the Hurun Industry Achievement Award in Hospitality & Retail Real Estate 2017.
Established as a research unit in 1999, Hurun Report Inc has grown into a leading publishing group, whose yearly rich list is widely recognised as the foremost authority in tracking the rapid changes amongst high net worth individuals worldwide.
Ahamed has made a mark for himself on the global level, engaged in various sectors including hospitality, organised retail and financial services. Twenty14 Holdings, the hospitality arm of Abu Dhabi-based conglomerate Lulu Group International, led by Ahamed was founded in 2014 to capitalise on the growth in the global hospitality industry. The company currently has assets worth more than US$650m spread across the UK, Middle East and India.
In India, the group marked its entry into the hospitality sector with the acquisition of a hotel in Kochi in 2015, which is under renovation. Since then, Twenty14 Holdings has invested in two other properties in Bengaluru, that are under various stages of development. With the first phase of development already underway in Kerala and Karnataka, the group is on the lookout for investment options in other major cities across India.
Twenty14 Holdings recently acquired the Waldorf Astoria Edinburgh - The Caledonian in Scotland for US$120mn and has also made a £110mn agreement with property developer Galliard Homes to create a luxurious five-star hotel at 1-5 Great Scotland Yard, the former headquarters of London’s Metropolitan Police. The firm co-owns the landmark Sheraton Oman Hotel in Muscat and owns the Steigenberger Hotel Business Bay in Dubai and three properties in India.
Other winners were Abhishek Lodha of Lodha Developers, Niranjan Hiranandani of Hiranandani Developers, Irfan Razak of Prestige Group, etc.