11. Millennium & Copthorne, Founder, President & CEO, Ali Hamad Lakhraim Alzaabi
Studio M is the new mid-market offering arriving soon in the Middle East by Millennium & Copthorne. The company has a development objective to have a total of 100 hotels operational by 2020. Currently the pipeline in the Middle East for its mid-market brand Studio M stands at seven properties, with a target for the Middle East region to have a total of 15 to 20 properties.
Studio M has been developed as the Millennium & Copthorne mid-maret brand for the millennial generation. Described as ‘budget boutique’, it is a standardised brand design focussing on operational efficiency with affordable price points. Additionally, the concept features strong design aesthetic and is technology focused.
Millennium & Copthorne founder, president and CEO Ali Hamad Lakhraim Alzaabi is responsible for the successful development and introduction of new brands into the region, including Studio M. He began his career in 1992 when he joined the Abu Dhabi Investment Authority, before joining Abu Dhabi National Hotels in 1996 as a general manager.
Alzaabi’s involvement in the MEA hospitality sector extends beyond the brand, with a number of investment companies operating across spectrum of market segments.