Regional hospitality brand Shaza Hotels on Thursday announced that it has 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 prestigious AED5 billion gated community surrounded by beautiful lakes and gardens that will feature residential, retail, office and hotel and recreational facilities across 3.6 million square feet. Shaza is anticipating to operate a 400,000 square foot property built by Aristocrat Star Investments on a plot of land earmarked for a five star mixed-use hotel development. Located in Dubai Investments Park, construction for both the 155-room hotel and 205-hotel apartments will begin almost immediately, with the opening of the hotel expected by the end of 2010. Shaza Hotels CEO Michel Novatin and Osman Valli, Group Chief Executive Officer, Aristocrat Star Investments pose for a photo during the announcement.
