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Shaza Hotels Invests in Key Property Developments.

Shaza Hotels Invests in Key Property Developments

Regional Hospitality Brand Purchases Prime Land for Hotels in

Regional hospitality brand, Shaza Hotels, today announced that it has signed major land purchase agreements across the region to develop signature hotel properties which it will own and manage.

According to according to
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

 senior executives, 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 The Gateway Cities of Southern California are those located in southeastern Los Angeles County. There is some cross-over between these cities and those composing South Los Angeles, East Los Angeles, the South Bay, and the San Gabriel Valley. .

Speaking at a press conference at Arabian Travel Market, Chairman Mohamad Hammour said that these new developments are just the first of a series of projects the hotel group has in the pipeline.

"Shaza Hotels' investment in key gateway cities of Cairo, Bahrain, and Marrakech demonstrate the company's commitment to the region and our belief in the on-going strength of the region's expanding tourism sector," said Hammour.

"We are successfully forging ahead with our ambitious development plans and will continue to extend our regional footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor.

, with aspirations aspirations nplaspiraciones fpl (= ambition); ambición f

aspirations npl (= hopes, ambition) → aspirations fpl 
 to eventually spread the Shaza brand world-wide," he added.

Ideally situated in the heart of Cairo, the exclusive Shaza Nile Douma Hotel will be set on approximately 7,500 square meter Noun 1. square meter - a centare is 1/100th of an are
centare, square metre

area unit, square measure - a system of units used to measure areas
 plot directly on the Corniche cor·niche  
A road that winds along the side of a steep coast or cliff.

[Short for French route en corniche : route, road + en, on + corniche,
 El Nil, within walking distance of the Nile City Complex and Arcadia Mall.

The 5-star mixed-use tower development combines a 350-room hotel with 70-90 high-end residential serviced apartments and, with unobstructed views, is one of the last available plots of land in Cairo overlooking o·ver·look  
tr.v. o·ver·looked, o·ver·look·ing, o·ver·looks
a. To look over or at from a higher place.

 the Nile.

Part of the large-scale waterfront reclamation Reclamation

A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process.
 project in Bahrain, the Shaza Manama Hotel in Bahrain Bay will be built on approximately 43, 000 square meters of land and comprise a 285 room hotel, along with 20-25 high-end serviced apartments.

The $2.5 billion landmark waterfront project located in the heart of Manama includes residential, retail and commercial developments.

Located in an upscale district of Marrakech and a short walk from La Mamounia, the Koutoubia Mosque The Koutoubia Mosque (Arabic: جامع الكتبية) is the largest mosque in Marrakech, Morocco. The minaret was completed under the reign of the Almohad Caliph Yaqub al-Mansur (1184-1199) and was used as model for Giralda  and Jama'a El F'naa, the Shaza Marrakech Hotel will be perfectly placed in close proximity to a number of popular restaurants and attractions.

With architectural and engineering works already underway and renowned international firm Bilkey Llinas Design leading the interior design, all of the properties promise to reflect the true spirit and warm hospitality of the Middle East and North Africa region in a contemporary and design-led environment.

A partnership between Kempinski, Europe's oldest luxury hotel brand and international financial firm Guidance Financial Group, Shaza has several hotels under various stages of development and aims to acquire and operate up to thirty luxury five-star hotels over the next 6-8 years.

Shaza's Arabian Travel Market 2008 exhibition stand will be located in the Zabeel Hall of the Dubai International Convention and Exhibition Centre, Stand HC320.

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Date:May 7, 2008
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Shaza Hotels Invests in Key Property Developments.

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