ATM Dubai 2023: Azizi Developments enters hospitality industry & plans and set to introduce global hotel chain
The new international brand, which Azizi will soon launch, will be used to develop and buy hotel properties that it would later own and operate.
Azizi Developments' new Chief Operating Officer for Hospitality, Michael Zager. — As part of its growth into the hospitality industry, Azizi Developments, a top private developer in the UAE, has revealed its plans to introduce a hotel brand throughout the UAE and beyond. As its new Chief Operating Officer for Hospitality, Azizi has named Michael Zager.
The German national will lead Azizi's entry into the business. A hotel enthusiast and industry leader with over 35 years of expertise in worldwide hospitality.
CEO of Azizi Developments Farhad Azizi stated: "This news is one that we have been thoroughly prepared for. In the UAE, which we call home, the hospitality industry is particularly strong, with Dubai drawing significant numbers of tourists year after year and holding the title of top travel destination. As a top developer, we are now utilising our real estate know-how and in-depth comprehension of the demands for lodging to provide guests with unrivalled hospitality experiences across the globe. We consider our entry into the tourist industry to be the next significant step towards achieving our overall goal of upgrading lifestyles, and we eagerly anticipate showing our planned hospitality projects to our stakeholders in the UAE and elsewhere, as well as making additional announcements in this respect, in the near future.
"Michael Zager is the best example of a leader for our prestigious foray into hospitality. We are thrilled to welcome him and his wealth of experience, especially in the pre- and launch phases, hotel and asset management, and hospitality as a whole across Europe and the MENA region, where the vision for our first hotels will come to life. He has successfully led high-performing teams for reputable hoteliers across multiple continents.
The completions of Azizi Developments are now in preparation for 2023. The builder is well on its way to completing 45 projects totaling almost 11,000 units in Dubai. These projects include the first, second, and third phases of Riviera, Park Avenue I, II, and III in MBR City, and Berton in Al Furjan.
