Dubai, United Arab Emirates: Regional hospitality brand Shaza Hotels today 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 5 billion Dirhams 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.

"We are delighted by the strong interest in our flagship Royal Estates Hotel project and are keen to leverage our in-depth expertise in construction and design to help bring Shaza's unique concept to life." said Osman Valli, Group Chief Executive Officer, Aristocrat Star Investments. "We chose Shaza Hotels because it promises a whole new guest experience and is backed by Kempinski's strong operational expertise," added Mr Valli.

Known for its iconic properties, Aristocrat has set a new standard within the local real estate industry, working with world-renowned architects and interior designers to develop innovative, eco-friendly developments.

Shaza Hotels CEO Michel Novatin said, "We are interested in working with Aristocrat and are in discussions regarding managing a hotel in its Royal Estates community that meets the aspirations of culturally discerning travellers, with a high level of quality and authenticity that is consistent with the Shaza brand."

The 360 keys property will have two restaurants, a fully-equipped fitness centre and swimming pool, business centre, two board rooms, a multi-purpose banquet hall, prayer rooms and a signature Shaza Hammam spa.

With hotels being developed in Cairo, Doha, Marrakech, Muscat, Bahrain, and other cities, Shaza Hotels aims by 2015 to be operating 20 five-star hotels around the world.

-Ends-

About Shaza Hotels
Launched in 2006, Shaza Hotels, a product of partnership between Kempinski Hotels and Guidance Financial Group, is a new lifestyle hotel brand that celebrates the spirit, traditions and art of living of the Middle East and North Africa region in a contemporary, design-led environment.

About Aristocrat Star Investments
Aristocrat Star Investments is a multi diversified business group with an international presence. The group's strength lies in its ability to identify opportunities and maximise shareholder value towards sustainable growth. Founded in London over three decades ago, the group today has offices operating globally in India, Turkey, China, United Kingdom and the Middle East.

For more information on Aristocrat Star Investments, please contact:
Tel: +971 4 4222 539
Fax: +971 4 4222 529        
Email: info@royalestates.ae

For more information on Shaza Hotels, please contact:
Lamya Kolthoum
Director of Marketing
Tel: +971 4 3117174
Email: lamya.kolthoum@shazahotels.com

© Press Release 2008

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