Barwa Real Estate Company, through its global arm Barwa International, announced an increase in its capital commitment to its partnership with Guidance Financial Group and Kempinski Hotels that is aimed at establishing Shaza Hotels as a leading lifestyle hotel brand in the Middle East and
The capital increase to more than 2.5 times Barwa’s original commitment is aimed at giving the partnership the capacity to develop projects worth $500 million.
Barwa International is working with Shaza Hotels on some of its leading hotel developments including in
Michel Novatin, chief executive officer of Shaza Hotels and former COO of Kempinski Hotels said, “Barwa’s strong backing since the early days of Shaza Hotels has provided us with the most solid foundation for building an innovative, world class hotel company that is finely attuned to the new trends of the hospitality market.”
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.