PRESSR: Marriott International and Palm Hills Developments sign an agreement to establish The Ritz-Carlton Cairo, Palm Hills in Egypt.
The luxury hotel is scheduled to open in 2027, within the Palm Hills project west of Cairo and close to the Great Pyramids of Giza.
Egypt - Marriott International announced today the signing of an agreement with Palm Hills Development Company to open the Ritz-Carlton Cairo Palm Hills Hotel, in a step that confirms the company’s keenness to expand its portfolio of hotel establishments that include its luxury brands in Egypt.
Mr. Sandeep Walia, CEO of Marriott International in the Middle East, said: “We are pleased to cooperate with Palm Hills Developments to provide an unprecedented level of elegance and luxury in West Cairo.” He added, "Cairo is a well-known global tourist destination that is highly sought after thanks to its timeless historical and cultural landmarks. Therefore, we always continue to look for promising opportunities to expand the presence of our prestigious brands in Egypt and other destinations preferred by our customers."
Scheduled to open in 2027, this luxury hotel will feature 150 exquisite rooms in addition to 50 residential apartments of various sizes, including one-, two- and three-bedroom apartments, and will bring the legendary Ritz-Carlton service and unique design to West Cairo. The hotel will also include integrated modern facilities, including five restaurants serving delicious cuisine, a relaxing spa, a gym, a swimming pool, and a children’s club, in addition to halls equipped with the latest technology to host various occasions and events.
Commenting on this partnership, Mr. Yassin Mansour, Chairman of the Board of Directors and Executive Group of Palm Hills Development Company, said: “We are pleased to welcome Marriott International as a new distinguished partner in the Palm Hills October project, as we are always keen to cooperate with world-class partners. The joining of The Ritz- Carlton has brought us an important achievement that is in line with our strategic vision to encourage the tourism sector and develop the real estate industry offerings in Egypt. This partnership also confirms our commitment to completing the standard of living in the Palm Hills communities and raising their real estate value. Through our cooperation with The Ritz-Carlton We will provide an unparalleled, world-class experience that redefines the concept of luxury and sets new standards for luxury in the “Palmet October” project.
The hotel is part of the luxurious Palm Hills residential and commercial complex in the western suburbs of Cairo, overlooking the Great Pyramids of Giza and the Palm Hills Golf Course. The new hotel will be part of the Palm Hills complex in west Cairo, which will include residential and commercial areas, restaurants and entertainment facilities.
The Ritz-Carlton, Cairo Palm Hills is located a 20-minute drive from Cairo's famous landmarks including the Giza Pyramids and the Grand Egyptian Museum, commercial and industrial districts such as the Industrial City and Smart Village, and the shopping and entertainment destination Mall of Arabia. Palm Hills is also easily accessible from Cairo International Airport and Sphinx International Airport.
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About Marriott International:
Headquartered in Bethesda, Maryland, USA, Marriott International (NASDAQ: MAR) has a diverse portfolio of approximately 8,700 properties under 30 distinct brands across 139 countries and territories. Marriott operates its hotels, franchises and licenses resorts throughout the world. The company offers its premium travel program, Marriott Bonvoy®. For more information, please visit our website www.marriott.com. Additionally, you can connect with us on Facebook, Twitter and Instagram @MarriottIntl.
About Palm Hills Development Company:
Palm Hills Development Company (“PHD”) is one of the most prominent leading companies in the field of real estate development in Egypt, as it was established as a joint stock company in 1997. The company focuses on building integrated urban communities, and it also owns one of the most diverse land portfolios in Egypt with a total area exceeding 30.6 million square metres. Its main residential projects include western and eastern Cairo and Alexandria, in addition to secondary residential projects on the northern coast of the Mediterranean Sea. By the end of the nine months of 2023, the company had delivered more than 14,7000 residential units that were under development. The company's project portfolio currently includes a number of projects under implementation in various locations in West Cairo, East Cairo, the North Coast and Alexandria, in addition to joint development projects, with a total value of more than 40 billion Egyptian pounds. Palm Hills Development Company shares are listed and traded on the Egyptian Stock Exchange under the symbol “PHDC.CA”. For more information, please visit the website: www.palmhillsdevelopments.com
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