Ziad Fakhri

Ziad’s Biography

Ziad Sakr Fakhri is an experienced real estate investor and developer with a focus on investments in residential and commercial properties in Beirut and globally. For close to three decades, Ziad has invested in landmark properties in Lebanon, such as the Shell building, Shams building, the Beirut Marriott Hotel and Cote d’Azur resort, among others.

Ziad currently serves as Chairman & General Manager of Beirut-based companies, Safeco Holding SAL and Amaret al Rawche SAL. His first foray into real estate development and management came at a young age when, after completing his studies at American University in Washington, D.C., he built a home a few blocks from the White House. Upon leaving the U.S., Ziad returned home to Lebanon and completed his first purchase of a plot of land for a mixed-use property.

These initial real estate investments showed him the potential of finding promising properties with strong growth potential. Since then, he has worked as an investor and property manager, in addition to leading negotiations, overseeing high-level transactions and executing complex... Ziad Sakr Fakhri is an experienced real estate investor and developer with a focus on investments in residential and commercial properties in Beirut and globally. For close to three decades, Ziad has invested in landmark properties in Lebanon, such as the Shell building, Shams building, the Beirut Marriott Hotel and Cote d’Azur resort, among others.

Ziad currently serves as Chairman & General Manager of Beirut-based companies, Safeco Holding SAL and Amaret al Rawche SAL. His first foray into real estate development and management came at a young age when, after completing his studies at American University in Washington, D.C., he built a home a few blocks from the White House. Upon leaving the U.S., Ziad returned home to Lebanon and completed his first purchase of a plot of land for a mixed-use property.

These initial real estate investments showed him the potential of finding promising properties with strong growth potential. Since then, he has worked as an investor and property manager, in addition to leading negotiations, overseeing high-level transactions and executing complex contracts with numerous multinationals.

Ziad holds a BSBA degree in Real Estate and Urban Development from American University. more less

Ziad’s Newsfeed

Law360

Lebanese Developer Claims $8M Win In Beirut Marriott Fight

Lebanese real estate developer, Ziad Fakhri, has said that he has been awarded more than $8 million in a case against hotel giant Marriott. The hotel group had paid executives to testify against Fakhri in previous cases in which he accused them of mismanagement of the Beirut hotel.

Ziad’s Background

Safeco Holding SAL

Chairman & General Manager

2007 - Present

Beirut, LB

Safeco was established to buy and control ownership interests in some of Ziad Fakhri's companies. Safeco and its sister companies developed numerous residential and commercial projects in Lebanon and the Middle East, and completed several Government projects as a contractor in Saudi Arabia and Jordan. Safeco's affiliates also invested in upscale residential and commercial properties in the USA.

Amaret al Rawche SAL

Chairman & General Manager

1992 - Present

Beirut, LB

Amaret Al Rawche owns and manages the iconic Shell Building in Beirut, facing the famous Rawché landmark.

Amaret al SHAMS SAL

General Manager & Director

1992 - 2014

Beirut, LB

Amaret Al Shams is the company which owns and manages the iconic Shams Building in Beirut, adjacent to the Shell building.

Hamra Amlak SAL

Chairman & General Manager

1992 - 2014

Beirut, LB

Hamra Amlak is the company which owns a prime property in the Hamra district in Beirut.

Sea & Palm SAL

Chief Executive Officer

1996 - 2008

Beirut, LB

Sea & Palm was created to own properties in the Ramlet al Baida section of Beirut.

Jenah Development SAL

Vice Chairman & General Manager

1994 - 2009

Beirut, LB

Jenah Development is the owner of the property where the Beirut Marriott Hotel was developed.

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Media

Marriott's arbitration battle disrupts Beirut luxury hotel sector

Sep 2023

International luxury hotel chains are keeping an eye on the outcome of the latest arbitration case in a protracted legal battle between US group Marriott and its former Lebanese associate.

Edward Fennell's Legal Diary

Article

Sep 2023

Ziad is quoted in this account of legal proceedings between him and hotel group Marriott International Ltd. in Edward Fennell's Legal Diary.

Lebanese court dismisses procedural challenge to Marriott hotel dispute

Article

Aug 2023

The Court of First Instance in Beirut has dismissed a challenge so that Ziad Fakhari's claim (based on a dispute between Marriott International Inc. and Jnah Development SAL “old Jnah") can proceed against Sabih Masri, 3912 Shayah Holding SAL (90% owner of “new Jnah”) and Jnah Development SAL (“new Jnah”).

Riad Salamé, the central banker of Lebanon, involved in a new fraud

Jun 2023

Under several investigations for money laundering and illicit enrichment, the former financial magician in the land of Cedars is implicated in a case of false testimony linked to the Marriott hotel group.

Lebanese businessman fights to revive claim against Marriott

May 2023

An ICC arbitral tribunal in Paris is hearing Ziad Fakhri’s US$120 million+ claim against US-based Marriott International Hotels Inc over the Beirut hotel he previously owned that has spawned multiple arbitrations over the past two decades. Ziad Fakhri has applied for revision of a pair of ICC arbitration awards issued in 2012 and 2019 that dismissed claims against Marriott.

Jnah Development SAL v. Marriott International Hotels Inc

May 2023

In a dispute dating back to 1999 over Marriott International Hotel Inc’s breaches of contract and mismanagement of the Beirut Marriott Hotel, owned by Ziad Fakhri at the time, this is the latest ICC arbitration in a series of disputes between Jnah and Marriott.

Hearing Set On Claim Marriott Bought Testimony In Hotel Spat

Mar 2023

An International Chamber of Commerce tribunal in Paris has laid out a timeline for Ziad Fakhri’s claims in arbitration that Marriott International Hotels Inc paid two executives to testify against him in a previous case accusing Marriott of mismanaging a Beirut hotel.

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Ziad’s Education

American University

BSBA | Real Estate and Urban Development

1985 - 1990

Businessman & Real Estate Investor

Beirut, LB

Ziad’s Biography

Ziad’s Newsfeed

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