AccorHotels has signed four new hotel management agreements with ARCO for new developments in Egypt’s North Coast – all which are slated to open by 2022.
The projects include the Fairmont Fuka Bay, Swissôtel Fuka Bay, Novotel Al Alamein City, and ibis Styles Al Alamein City. The addition of these hotel projects increases AccorHotels’ operational and development pipeline to 31 hotels in Egypt.
Francois Baudin, Senior Vice President, Development, Luxury Hotels, Europe, Middle East, and Africa, AccorHotels, said: “Following the recent union of AccorHotels and FRHI, we are excited to announce four new hotel projects in Egypt, ranging from economy and midscale options to luxury and upper upscale brands.” He further added, “This announcement further underscores the Group’s commitment to the destination and its envisioned potential, evident since opening the first Accor hotel over 35 years ago to today with 17 hotels in operation and a robust pipeline of 14 new hotels coming online within the next five years.”
“We look forward to playing an integral role in re-energizing the country’s tourism infrastructure,” said Frank Naboulsi, Regional Vice President and General Manager, Fairmont Nile City. “The destination has demonstrated positive growth over the past few years which has also increased the appeal of international hospitality brands. Our valued partnership with ARCO also highlights our intention to accelerate expansion and to create employment opportunities for the local market.”
Ashraf Salman, Vice Chairman and Managing Director, ARCO, commented: “We are pleased to be partnering with AccorHotels and its leading brands to create a prime destination for both residents and international visitors. This collaboration will contribute positively to developing a prime tourism destination and will complement a growing portfolio of other AccorHotels currently under development in Egypt.”
AccorHotels currently operates 17 hotels in Egypt with 14 hotels in the pipeline, encompassing a combined total of 10,352 rooms and residences across luxury, upscale, midscale and economy segments.