PHOTO: Ali Sultan died at the weekend.(Supplied: Sultan Family)

Hobart developer Ali Sultan has died, his family has confirmed.

In a statement, Mr Sultan’s company, Sultan Holdings, confirmed the 73-year-old died while bushwalking “on kunanyi / Mount Wellington, a place that he dearly loved” over the weekend.

Mr Sultan migrated from Lebanon to Australia in 1969 and relocated to Hobart three years later with his Tasmanian wife.

He opened a corner store in Claremont and later moved to fruit wholesaling businesses, then carparks and accommodation developments.

Sultan Holdings claims to be the biggest private carpark owner-manager in Hobart.

The company also has significant interests in commercial, retail, tourism and residential property throughout Tasmania.

“We appreciate the thoughts and support of friends and of the wider Hobart community at this time and would appreciate privacy as we absorb the shock and sorrow of our family’s loss,” his family said in a statement.