Azizi Developments, a prominent private developer in the UAE, has recently revealed its intention to expand into the hospitality sector by launching a hotel brand across the UAE and other areas.
Michael Zager has been appointed as the Chief Operating Officer – Hospitality to help spearhead Azizi’s entry into the sector. As part of this expansion, Azizi will establish a new global brand that will include developing and acquiring hotel properties for ownership and management. With more than 35 years of experience in international hospitality, Zager is an industry leader and hotel enthusiast who will assist Azizi with its debut in this sector.
According to Farhad Azizi, CEO of Azizi Developments, the announcement of this expansion is a result of extensive preparation. He stated that the hospitality sector is prominent in the UAE, particularly in Dubai, which continues to attract a significant number of visitors every year and remains the world’s top destination.
As a reputable developer, Azizi plans to leverage its real estate expertise and comprehensive understanding of accommodation needs to offer unparalleled hospitality experiences to visitors worldwide. Azizi also views this expansion into the tourism sector as a significant milestone in its goal of enhancing lifestyles.
Furthermore, Azizi Developments is eager to introduce its upcoming hospitality projects to its stakeholders in the UAE and beyond while anticipating making additional announcements in due course.
Additionally, Azizi Developments has announced Michael Zager as its new leadership figure for the company’s entry into the hospitality industry. With a background of successfully leading high-performing teams for renowned hoteliers across various continents, Zager is particularly skilled in heading pre- and launch phases, hotel and asset management, and hospitality across Europe and the MENA region.
Azizi Developments expressed delight in welcoming Zager and his wealth of expertise, especially since its first hotels will be manifested into reality in the same region. Azizi Developments is set to complete approximately 11,000 units across 45 projects in Dubai by 2023, which are spread across the first, second, and third phases of Riviera, Park Avenue I, II, and III in MBR City, and Berton in Al Furjan.