Radisson Hotel Group is on course to become one of the largest international hospitality groups in Egypt after signing a deal for six new properties.
The multi-brand deal will see four hotels in Cairo, one in Ain Sokhna and one in Hurghada with a total of 2,433 rooms.
Thy will be opened between this year and 2021.
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.
Radisson Hotel Group chief development officer Elie Younes 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, added: “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.”
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