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Shaza Muscat Hotel

Owner/Developer Taameer Investment (S.A.O.C.)
Estimated Value US$ 100,000,000
Sector Infrastructure
Sub Sector Hotels
Country Oman
City Muscat
Capacity 400 units Feasibility Start Date Q4-2018
Status Feasibility Study Project End Date Q2-2022
Owner/Developer Taameer Investment (S.A.O.C.)
Estimated Value US$ 100,000,000
Sector Infrastructure
Sub Sector Hotels
City Muscat
Country Oman
Capacity 400 units
Feasibility Start Date Q4-2018
Status Feasibility Study
Project End Date Q2-2022


Project Overview


Background

Shaza Hotels, an operator supported by Kempinski, is planning to open a new 400-room hotel in Muscat, Oman, by the second quarter of 2022. 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. Shaza Muscat will be managed and operated by Shaza Hotels under the Shaza brand as their third property in the country.


Scope of Work

Scope of work includes construction of the following:

  • Five-star hotel tower with 250 keys.
  • Furnished apartments tower with 150 keys.
  • All day specialty restaurants with integrated outdoor seating
  • Wedding halls
  • Business center and banqueting areas
  • Luxurious recreational areas to include health clubs, spa and indoor pools
  • State-of-the-art back of house
  • Prayer rooms
  • Two levels of underground car parking
  • Fire and safety
  • Security and related amenities


Finance

Taameer Investments is financing this project.


Additional Notes

Taameer Investments are planning to build an exclusive hotel in the heart of the cultural district in Muscat. The hotel will be within close walking distance to many tourist hotspots around the city. 

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

The agreement was 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.


Related Companies


Owner/Developer

Taameer Investment (S.A.O.C.)
5th Floor, Al Khuwair, Business Centre, Oman
Tel: +968 2 4488 871
Email: info@taameerinvest.com
Web: www.taameerinvest.com

Operator

Pre Qualified

Kempinski Hotels
28, Boulevard du Pont-d’Arve, 1205
Tel: +1 402 952 6668, +41 22 809 8888, +41 22 809 8801
Web: www.kempinski.com

Short Listed

Kempinski Hotels

Related Contacts


Kempinski Hotels

Name: Markus Semer
Designation: Chairman and CEO
Telephone:+1 402 952 6668, +41 22 809 8888, +41 22 809 8801
Name: Colin Lubbe
Designation: Chief Financial Officer
Telephone:+1 402 952 6668, +41 22 809 8888, +41 22 809 8801
Name: Marcus van der Wal
Designation: Chief Operating Officer
Telephone:+1 402 952 6668, +41 22 809 8888, +41 22 809 8801

Taameer Investment (S.A.O.C.)

Name: Noah Al-Balushi
Designation: Marketing Manager
Telephone:+968 2 4488 871
Linkedin:View
Name: Gauri Prasad
Designation: Project Manager
Telephone:+968 2448 8871


Updates

Jan 2019

Feasibility study has been completed. Tenders for appointing a design consultant is expected to be issued shortly.

Nov 2018

Kempinski group of hotels is the operator of this hotel.

Oct 2018

Taameer Investments is building an exclusive five-star hotel in Muscat called Shaza Hotel.


Location