RAK National Hotels LLC (“RAKNH”) is a subsidiary of RAK Hospitality Holding LLC (“RAKHH”). Formed in 2013, RAKNH owns hotels and resorts positioned in the upscale, upper-upscale and luxury market segments, strategically located in prime urban, desert and beach areas in the Emirate of Ras Al Khaimah. RAKNH currently owns four landmark hotels and resorts including: - Hilton Garden Inn Ras Al Khaimah - Hilton Resort and Spa Ras Al Khaimah - Rixos Bab Al Bahr Ultra All Inclusive Resort - The Ritz-Carlton Al Wadi Desert Resort & Spa The current portfolio features a total of 1,466 hotel rooms, suites, chalets and private pool villas that make up approximately 28% of the Emirate’s total hotel inventory currently in operation.