Shaza Hotels signs new Muscat property

Shaza

Shaza Hotels, an operator supported by Kempinski, will open a new 250-room hotel in Muscat, Oman, in the third quarter of 2019. The project will be part of owner Taameer Investments’ plans to bring around 1,700 upscale hotel rooms into the Oman market within the next four years in a bid to support the plans of the ministry of tourism. 

The project is to be developed by Zakher Investment while Taameer Investment SAOC will hold 100 percent ownership. The Shaza Muscat will be managed and operated by Shaza Hotels under the Shaza brand as their third property in the country.

“Shaza Muscat will be developed as part of a large mix-use development comprising of two levels of retail, grand event/function hall, and a multi array of entertainment areas with an exclusive central plaza,” the company said in a statement.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Taameer Investment SAOC and Shaza Hotels will sign the agreement of management at Arab Travel Market 2016 in the presence of Sheikh Mohammed Bin Abdullah Al Qatabi, Oman's Ambassador to the United Arab Emirates and other executives from the country.

The agreement will be signed by Suleiman bin Masoud Al Harthy, CEO of Taameer Investment SAOC and Simon Coombs, CEO of Shaza Hotels, in the presence of Shaikh Salim bin Ahmad al Ghazali, Chairman of Taameer Investment SAOC.

Meanwhile, the CEO of Shaza hotels said that Shaza Hotels and Taameer Investment SAOC have shared a solid relationship that continues to be strengthened with every passing milestone.

Source: Times of Oman

Suggested Articles

The Mandarin Oriental, Tel Aviv is scheduled to open at the end of 2023.

A report on business rates in the U.K. described the system as “broken” and called for the government to be “creative” in looking at other options.

The Chicago-based chain is planning an Oxford hotel to complement its upcoming Cambridge property.