Range Hospitality
Range Hospitality was founded in 2009 and consists of four shareholders: Munaf Ali and Mohammed Asaria from the UK; a gentleman from Saudi Arabia; and a gentleman from Africa.
The flagship Al Rawdatain Gardens Project offers potential buys a sharia compliant fractional ownership investment proposition through Mulkiya Intifa’a.
Range Hospitality has worked with Standard Chartered from the outset and offers investment security through the bank’s Escrow account services.
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Shaza Hotels
Shaza is a joint venture between Guidance Hotel Investment Company based in Paris and Kempinski Hotels S.A. based in Geneva.
The brand aims to have between 25-30 hotels by 2016, up to 10 of which will be owned by the Shaza fund managed by Guidance Hotel Investment Company.
The company currently owns and operates Shaza Al Madina and has properties committed in Marrakech, Fez, Bahrain and Cairo, in addition to the projects it is working on with Range Hospitality.
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