Tourexpi
Marriott International is significantly expanding its
presence in Egypt through a landmark agreement with Misr Italia Properties and
People & Places. The partnership will see the development of nine hotels
and branded residential projects, adding more than 1,500 hotel rooms and
residences across some of Egypt's fastest-growing tourism and lifestyle
destinations.
The projects will strengthen Marriott's luxury and
premium portfolio while supporting Egypt's ambition to expand its tourism
industry and attract further international investment.
Luxury brands to expand across Egypt
The developments will include beach resorts, city
hotels and branded residences under several of Marriott's most prestigious
brands, including The Ritz-Carlton, The Luxury Collection and Autograph
Collection.
Among the planned projects is a Ritz-Carlton hotel
with 170 guestrooms and 268 branded residences at The Med Ras El Hekma on
Egypt's North Coast. Another major development at Solare Ras El Hekma will
feature an Autograph Collection hotel with 180 rooms alongside 250 branded
residences.
In West Cairo, a Luxury Collection hotel is planned
within The Hills of One mixed-use development, offering 180 guestrooms and 180
branded residences.
Additional Autograph Collection projects are planned
for Kai Sokhna Red Sea in Ain Sokhna, combining an 80-room hotel with 172
residences, as well as a 100-room hotel within Garden 8 in East Cairo.
Egypt remains a strategic growth market
Marriott says Egypt continues to offer strong
long-term growth opportunities, supported by expanding tourism demand,
infrastructure development and growing interest in branded residential
projects.
"Egypt remains a strategic growth market for
Marriott underpinned by strong tourism fundamentals, expanding infrastructure
and increasing demand for premium hospitality and branded residential
experiences," said Shady Hassan, Vice President, Development – North
Africa, Marriott International.
"This agreement underscores our long-term
commitment to the market and our confidence in the country's continued growth
trajectory."
Hospitality investment to create jobs
Misr Italia Properties and People & Places expect
the new developments to play a significant role in Egypt's tourism economy.
According to Mohamed Khaled El Assal, Chief Executive
Officer and Managing Director of Misr Italia Properties and Co-Founder of
People & Places, the companies plan to invest more than EGP 56.7 billion in
hospitality projects. The expansion is expected to create around 6,000 direct
and indirect jobs while welcoming approximately 373,000 tourists each year.
"Our continued collaboration with Marriott marks
a defining milestone in realising our hospitality ambitions," added Karim
Khaled El Assal, Chief Executive Officer and Managing Director of Misr Italia
Properties and Co-Founder of People & Places. "Marriott's global
expertise and trusted brands strengthen our ability to deliver world-class
hospitality experiences and accelerate the execution of our broader long-term
vision."
Portfolio set to grow further
The agreement builds on the partnership established in
2022, when the companies announced Marriott Executive Apartments and Westin
Residences within the Il Bosco development in Egypt's New Administrative
Capital.
Looking ahead, Misr Italia Properties and People &
Places aim to develop a portfolio of around 50 hospitality assets by 2037,
further strengthening Egypt's position as one of the region's leading
destinations for integrated hospitality, tourism and lifestyle developments.
Image Credit: © AI generated illustration with elements courtesy of
Marriott International
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