Radisson Hotel Group signs portfolio deal for six hotels in Egypt
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Radisson Hotel Group announced the signing of six new hotels in Egypt as part of a portfolio deal across a number of its brands. The agreement was signed with existing business partner Zaghloul Holdings, a Cairo-based business conglomerate operating in real estate, contracting, tourism, commercial retail, entertainment and sports investment industries.
The six hotels: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada will mean Radisson Hotel Group becomes one of the largest international operators in the country and will also cement Radisson Blu’s position as the leading brand in the city in the coming years.
Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “It is great to expand our footprint in Egypt with six new hotels. Egypt has historically been one of the most visited countries in North Africa and we strongly believe in its tourism industry in the long run. These hotels will make a great contribution to the local employment and we thank our partner Zaghloul Holdings for their continued trust and for their contribution towards promoting tourism in the country. We are further pleased to introduce two new brands to Egypt, Radisson Collection, positioned as the premium lifestyle and affordable luxury brand and Radisson as an upscale hotel brand”.
Hazem Zaghloul, owner of Zaghloul Holdings, said: “We have ambitious investment plans for the tourism sector in Egypt. We are confident in the future outlook for the sector with positive forecasts of increased visitor numbers and the significant investment in the tourism infrastructure of Egypt. We are also pleased to strengthen our relationship with Radisson Hotel Group, one of the world’s largest hotel groups and our trusted hospitality business partner. We look forward to continuing our successful relationship.”
Radisson Collection Hotel Cairo Heliopolis
Set to become the first Radisson Collection hotel in Egypt, the hotel will be part of a new mixed-use development that includes a shopping mall and offices. Located within the affluent Heliopolis district of Cairo, the hotel will be situated just 1km away from Cairo International Airport, the second busiest airport in Africa.
Radisson Collection Hotel Cairo Heliopolis is set to open in Q2 2021.
Radisson Blu Serviced Apartments Cairo Heliopolis
Situated in the same mixed-use development as the Radisson Collection Hotel Cairo Heliopolis, the serviced apartments will complement the hotel with 163 upper upscale apartments.
Radisson Blu Serviced Apartments Cairo Heliopolis is scheduled to open in Q3 2019.
Radisson Blu Hotel Cairo Golf City
Radisson Blu Hotel Cairo Golf City continues the Group’s strategic expansion into the north of Cairo with the development of an “urban resort” located 10km from Cairo International Airport. Situated within Obour City, the hotel will be in a prominent commercial district that includes the offices and factories of a number of pharmaceutical companies and an industrial park conveniently situated next to the hotel.
Radisson Blu Hotel Cairo Golf City is scheduled to open in Q4 2020.
Radisson Hotel New Cairo
Radisson Hotel New Cairo will be located in New Cairo, an area south east of Cairo city and part of Greater Cairo metropolitan area.
Radisson Hotel New Cairo is scheduled to open in Q1 2020.
Radisson Hotel & Resort Ain Sokhna, Egypt
Located in Ain Sokhna, a popular destination for domestic and international leisure guests, Radisson Hotel & Resort Ain Sokhna will feature 173 rooms and suites.
Radisson Hotel & Resort Ain Sokhna is scheduled to open Q4 2021.
Radisson Blu Hotel & Resort Makadi Bay, Hurghada
Radisson Blu Hotel & Resort Makadi Bay, Hurghada is set become an impressive resort in one of Egypt’s main tourism centers on the Red Sea coast.
Radisson Blu Hotel & Resort Makadi Bay, Hurghada is scheduled to open in Q3 2020.