Shaza to develop Middle East properties
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Shaza Hotels in the Middle East has signed major land purchase agreements across the region to develop signature hotel properties which it will own and manage.
The group has purchased prime properties in Cairo, Bahrain, and Marrakech and will act as both investor and operator of Eastern-inspired hotels in each of these key gateway cities.
Shaza Hotels’ Chairman Mohamad Hammour said that these new developments are just the first of a series of projects the hotel group has in the pipeline.
“We are successfully forging ahead with our ambitious development plans and will continue to extend our regional footprint, with aspirations to eventually spread the Shaza brand worldwide,” said Hammour.
The 350-room Shaza Nile Douma Hotel will be set on the Corniche El Nil, within walking distance of the Nile City Complex and Arcadia Mall.
Part of the large-scale waterfront reclamation project in Bahrain, the Shaza Manama Hotel in Bahrain Bay will comprise a 285-room hotel, along with 20-25 high-end serviced apartments.
A partnership between Kempinski, and international financial firm Guidance Financial Group, Shaza has several hotels under various stages of development and plans to acquire and operate up to 30 hotels over the next 6-8 years.
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