Shaza Hotels signs MoU
Regional hospitality brand Shaza Hotels last month signed a Memorandum of Understanding (MoU) with UAE developer Aristocrat Star Investments to manage a Shaza Hotel in its flagship Royal Estates development.
Royal Estates is a Dh5 billion gated community surrounded by lakes and gardens that will feature residential, retail, office and hotel and recreational facilities across 3.6 million sq ft in Dubai Investments Park. Shaza is anticipating to operate a 400,000 sq ft property built by Aristocrat Star Investments on a plot of land earmarked for a five star mixed use hotel development.
Construction for a 155 room hotel and 205 hotel apartments will begin almost immediately, with the opening of the hotel expected by the end of 2010.
Osman Valli, group chief executive officer, Aristocrat Star Investments said, “We chose Shaza Hotels because it promises a whole new guest experience and is backed by Kempinski’s strong operational expertise.”
Formed in 2006 as a partnership between Kempinski Hotels and Guidance Financial Group, Shaza Hotels is a new lifestyle hotel brand that celebrates the spirit, traditions and lifestyle of the MENA region.